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

Macro

2026-04-09
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
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AI Data Insight

The newly released US Q1 2026 Core PCE YoY growth rate decreased slightly to 3.0% from the previous value of 3.1%, meeting market consensus but still remaining well above the Federal Reserve's 2% target. A breakdown reveals that while core services cooled down benefiting from slowing rents, tariff effects drove up goods costs, causing core goods inflation to rise against the trend. The market expects that inflation stickiness will force the Federal Reserve to keep interest rates unchanged in the short term, further delaying the timeline for rate cuts.

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AI Data Insight

The newly released US Q1 2026 Core PCE YoY growth rate decreased slightly to 3.0% from the previous value of 3.1%, meeting market consensus but still remaining well above the Federal Reserve's 2% target. A breakdown reveals that while core services cooled down benefiting from slowing rents, tariff effects drove up goods costs, causing core goods inflation to rise against the trend. The market expects that inflation stickiness will force the Federal Reserve to keep interest rates unchanged in the short term, further delaying the timeline for rate cuts.

Dive in →

You May Also Like

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Macro
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