The US PCE price index rose 0.2% month-over-month in November 2025, the same as in October and in line with expectations. Prices for goods were up 0.2%, rebounding from a 0.1% fall in October while prices of services rose at a slower 0.2%, compared to 0.3% in October. Core PCE, which excludes food and energy, increased 0.2%, also the same as in September and matching forecasts. Separately, prices for food stalled and cost for energy goods and services soared 1.9%, after a 0.7% rise drop. On an annual basis, headline PCE inflation accelerated to 2.8% from 2.7% as expected. Core PCE inflation also edged up to 2.8% from 2.7% in October and in line with expectations. The PCE index remains the Federal Reserve’s preferred inflation gauge. source: U.S. Bureau of Economic Analysis

PCE Price Index Monthly Change in the United States remained unchanged at 0.20 percent in November. PCE Price Index Monthly Change in the United States averaged 0.27 percent from 1959 until 2025, reaching an all time high of 1.20 percent in February of 1974 and a record low of -1.20 percent in November of 2008. This page includes a chart with historical data for the United States PCE Price Index Monthly Change. United States PCE Price Index Monthly Change - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-22 03:00 PM
PCE Price Index MoM
Oct 0.2% 0.3% 0.2%
2026-01-22 03:00 PM
PCE Price Index MoM
Nov 0.2% 0.2% 0.2% 0.2%
2026-02-20 01:30 PM
PCE Price Index MoM
Dec 0.2%


Related Last Previous Unit Reference
Core PCE Price Index 127.42 127.22 points Nov 2025
Core PCE Price Index YoY 2.80 2.70 percent Nov 2025
Core PCE Price Index MoM 0.20 0.20 percent Nov 2025
Core PCE Prices QoQ 2.90 2.60 percent Sep 2025
GDP Price Index 129.43 128.25 points Sep 2025
PCE Price Index 128.09 127.83 points Nov 2025
PCE Price Index YoY 2.80 2.70 percent Nov 2025
PCE Price Index MoM 0.20 0.20 percent Nov 2025
PCE Prices QoQ 2.80 2.10 percent Sep 2025


United States PCE Price Index Monthly Change
In the United States, the Personal Consumption Expenditure Price Index provides a measure of the prices paid for domestic purchases of goods and services. While the Consumer Price Index assumes a fixed basket of goods and uses expenditure weights that do not change over time for several years, the Personal Consumption Expenditure Price Index uses a chain index and resorts on expenditure data from the current period and the preceding period (known as Fisher Price Index).
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 1.20 -1.20 1959 - 2025 percent Monthly
2017=100; SA

News Stream
US PCE Prices Edge Up 0.2%, Meeting Expectations
The US PCE price index rose 0.2% month-over-month in November 2025, the same as in October and in line with expectations. Prices for goods were up 0.2%, rebounding from a 0.1% fall in October while prices of services rose at a slower 0.2%, compared to 0.3% in October. Core PCE, which excludes food and energy, increased 0.2%, also the same as in September and matching forecasts. Separately, prices for food stalled and cost for energy goods and services soared 1.9%, after a 0.7% rise drop. On an annual basis, headline PCE inflation accelerated to 2.8% from 2.7% as expected. Core PCE inflation also edged up to 2.8% from 2.7% in October and in line with expectations. The PCE index remains the Federal Reserve’s preferred inflation gauge.
2026-01-22
US PCE Prices Seen Rising 0.2%
The US PCE price index is expected to rise 0.2% month over month in November 2025, while the core PCE index which excludes food and energy, is also forecast to increase by 0.2%, compared with gains of 0.3% and 0.2%, respectively, in September. The US Bureau of Economic Analysis is also expected to release October data alongside the November figures as it works to normalize the economic release schedule following last year’s government shutdown. On a year-on-year basis, both headline and core PCE inflation are projected at 2.8%, hovering near 2024 highs. The PCE price index remains the Federal Reserve’s preferred measure of inflation.
2026-01-22
PCE Prices Rise Roughly as Expected in September
The US PCE price index rose 0.3% month-over-month in September 2025, the same as in August and in line with expectations. Prices for goods jumped 0.5%, much higher than 0.1% in the previous period while prices of services rose at a slower 0.2%, compared to 0.3% in August. Core PCE, which excludes food and energy, increased 0.2%, also the same as in August and matching forecasts. Separately, prices for food increased 0.4%, after a 0.5% gain in the previous month and cost for energy goods and services soared 1.7%, after a 0.8% rise. On an annual basis, headline PCE inflation accelerated to 2.8%, the highest since April 2024, from 2.7% in August and matching expectations. On the other hand, core PCE inflation slowed to 2.8% from 2.9% in August and compared to forecasts it would remain at 2.9%. The PCE index remains the Federal Reserve’s preferred inflation gauge. The release of the September report was delayed by over a month as a result of the government shutdown.
2025-12-05