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

Macro

2026-06-25

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

The US core PCE YoY growth rate for May 2026 (Q2 2026) rose to 3.4%, a mild rebound from the previous reading of 3.3% in April, and perfectly aligned with market expectations. Benefiting from personal income growth and the support of core service prices, overall consumption momentum remains resilient. Against the backdrop of sticky inflationary pressures, the Federal Reserve is expected to maintain a "higher for longer" interest rate policy, keeping the probability of short-term rate cuts low.

AI Data Insight

The US core PCE YoY growth rate for May 2026 (Q2 2026) rose to 3.4%, a mild rebound from the previous reading of 3.3% in April, and perfectly aligned with market expectations. Benefiting from personal income growth and the support of core service prices, overall consumption momentum remains resilient. Against the backdrop of sticky inflationary pressures, the Federal Reserve is expected to maintain a "higher for longer" interest rate policy, keeping the probability of short-term rate cuts low.

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