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

Macro

2026-07-30

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
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AI Data Insight

The US core PCE price index for May 2026 edged down to 3.3% year-over-year from 3.4% in the previous month, slightly beating the market's original expectation of 3.4%. Although the data appeared to cool on the surface due to some minor statistical adjustments, services inflation and cost pass-throughs triggered by geopolitical factors remain sticky. The Federal Reserve is expected to maintain a "higher for longer" interest rate path, with the room for rate cuts within the year facing substantial compression.

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AI Data Insight

The US core PCE price index for May 2026 edged down to 3.3% year-over-year from 3.4% in the previous month, slightly beating the market's original expectation of 3.4%. Although the data appeared to cool on the surface due to some minor statistical adjustments, services inflation and cost pass-throughs triggered by geopolitical factors remain sticky. The Federal Reserve is expected to maintain a "higher for longer" interest rate path, with the room for rate cuts within the year facing substantial compression.

Dive in →

You May Also Like

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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