United States: PCE Price Index (YoY) - Core Items(SA)

Macro

2026-04-30

Description

The Core Personal Consumption Expenditures (Core PCE) Price Index in the United States is calculated and published by the Bureau of Economic Analysis (BEA). This indicator measures the year-over-year changes in consumer spending on goods and services, excluding food and energy, and is a key inflation indicator closely monitored by the Federal Reserve compared to the CPI. A higher core PCE annual growth rate indicates increased consumer spending and rising inflation pressure; conversely, a lower rate suggests reduced spending and decreasing inflation pressure.

The PCE data is typically released monthly, providing information on the previous month's consumer spending changes.

Published by
U.S. Bureau of Economic Analysis (Choice)
Frequency
Monthly
Next Update
Hashtags

AI Data Insight

In Q1 2026 (March), the US core PCE YoY growth rate rose to 3.2%, a significant rebound from the previous 3.0%, aligning with market consensus expectations. Driven by surging global energy prices and the effects of corporate front-loading, the disinflation process has been hindered. Accompanied by slower-than-expected Q1 GDP growth, the risk of stagflation is gradually rising.

AI Data Insight

In Q1 2026 (March), the US core PCE YoY growth rate rose to 3.2%, a significant rebound from the previous 3.0%, aligning with market consensus expectations. Driven by surging global energy prices and the effects of corporate front-loading, the disinflation process has been hindered. Accompanied by slower-than-expected Q1 GDP growth, the risk of stagflation is gradually rising.

Description

The Core Personal Consumption Expenditures (Core PCE) Price Index in the United States is calculated and published by the Bureau of Economic Analysis (BEA). This indicator measures the year-over-year changes in consumer spending on goods and services, excluding food and energy, and is a key inflation indicator closely monitored by the Federal Reserve compared to the CPI. A higher core PCE annual growth rate indicates increased consumer spending and rising inflation pressure; conversely, a lower rate suggests reduced spending and decreasing inflation pressure.

The PCE data is typically released monthly, providing information on the previous month's consumer spending changes.

Published by
U.S. Bureau of Economic Analysis (Choice)
Frequency
Monthly
Next Update
Hashtags