The personal consumption expenditure (PCE) price index in the United States increased 0.1 percent month-over-month in December of 2018, following a downwardly revised flat reading in November while markets were expecting no growth. Prices for services increased 0.3 percent, slightly faster than a 0.2 percent rise in November. Cost of goods fell 0.5 percent, following a 0.4 percent drop in November, mainly due to a 0.7 percent decline in cost of nondurable goods (-0.6 percent in November) while prices of durable goods were flat for the third month. Excluding food and energy, PCE prices were up 0.2 percent, the same as in the previous month and in line with market expectations. Year-on-year, the PCE price index advanced 1.7 percent, below 1.8 percent in November and the core index rose 1.9 percent, the same as in November. Pce Price Index in the United States averaged 57.92 Index Points from 1959 until 2018, reaching an all time high of 108.93 Index Points in December of 2018 and a record low of 16.07 Index Points in January of 1959.