The US PCE price index rose 0.5% month-over-month in September 2026, the most in six months, following a 0.3% increase in August and in line with market expectations. Goods prices rose 0.8%, up from 0.3% in August, led by a 1.1% rise in nondurable goods, mainly due to a 9.2% jump in gasoline and other energy goods prices. Durable goods inflation, meanwhile, picked up to 0.2% from 0.1%. Services inflation was unchanged at 0.3%, driven mainly by higher transportation services (2.1%). The core PCE price index, excluding food and energy, increased 0.3%, the most in four months and also in line with forecasts. Year-on-year, headline PCE inflation accelerated to 3.6% from 3.4% in the previous month, while core inflation picked up to 3.1% from 3%. The personal consumption expenditures price index is the primary inflation gauge for the Fed and has been above the 2% target since 2021. source: U.S. Bureau of Economic Analysis

PCE Price Index Monthly Change in the United States increased to 0.50 percent in September from 0.30 percent in August of 2026. PCE Price Index Monthly Change in the United States averaged 0.27 percent from 1959 until 2026, reaching an all time high of 1.20 percent in August of 1973 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 October of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 12:30 PM
PCE Price Index MoM
Aug 0.3% 0.1% 0.4% 0.3%
2026-10-29 12:30 PM
PCE Price Index MoM
Sep 0.5% 0.3% 0.5% 0.5%
2026-11-25 01:30 PM
PCE Price Index MoM
Oct 0.5%


Related Last Previous Unit Reference
Core PCE Price Index 130.90 130.49 points Sep 2026
Core PCE Price Index YoY 3.10 3.00 percent Sep 2026
Core PCE Price Index MoM 0.30 0.30 percent Sep 2026
Core PCE Prices QoQ 2.50 3.30 percent Sep 2026
GDP Price Index 134.13 133.41 points Sep 2026
PCE Price Index 132.26 131.61 points Sep 2026
PCE Price Index YoY 3.60 3.40 percent Sep 2026
PCE Price Index MoM 0.50 0.30 percent Sep 2026
PCE Prices QoQ 2.10 5.00 percent Sep 2026
Real Personal Spending MoM 0.00 0.50 percent Sep 2026


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
0.50 0.30 1.20 -1.20 1959 - 2026 percent Monthly
2017=100; SA

News Stream
US PCE Inflation Accelerated as Expected
The US PCE price index rose 0.5% month-over-month in September 2026, the most in six months, following a 0.3% increase in August and in line with market expectations. Goods prices rose 0.8%, up from 0.3% in August, led by a 1.1% rise in nondurable goods, mainly due to a 9.2% jump in gasoline and other energy goods prices. Durable goods inflation, meanwhile, picked up to 0.2% from 0.1%. Services inflation was unchanged at 0.3%, driven mainly by higher transportation services (2.1%). The core PCE price index, excluding food and energy, increased 0.3%, the most in four months and also in line with forecasts. Year-on-year, headline PCE inflation accelerated to 3.6% from 3.4% in the previous month, while core inflation picked up to 3.1% from 3%. The personal consumption expenditures price index is the primary inflation gauge for the Fed and has been above the 2% target since 2021.
2026-10-29
US PCE Inflation Expected to Accelerate
The US PCE price index is expected to increase 0.5% month-over-month in September 2026, which would mark the biggest gain in six months, following a 0.3% rise in August. The core PCE price index, which excludes food and energy, is projected to rise 0.3%, the most in four months after a 0.2% gain. On an annual basis, headline PCE inflation is expected to accelerate to 3.6% from 3.4% in each of the previous two months and the core rate is also seen edging up to 3.1% from 3%. The personal consumption expenditures price index is the primary inflation gauge for the Fed and has been above the 2% target since 2021.
2026-10-29
US PCE Inflation Rises Less Than Expected in August
The US PCE price index rose 0.3% month-over-month in August 2026, following a downwardly revised 0.1% gain in July and slightly below market expectations of 0.4%. Goods prices increased 0.3%, rebounding from a 0.1% decline in July, led by a 0.5% rise in nondurable goods, mainly due to a 4.4% jump in gasoline and other energy goods prices. Durable goods inflation, meanwhile, eased to 0.1% from 0.4%. Services prices also accelerated to 0.3% from 0.1%, driven mainly by higher transportation services (1.4%) and food services and accommodations (0.5%). The core PCE price index, excluding food and energy, rose 0.2%, also below forecasts of 0.3%. Year-on-year, headline PCE inflation held at 3.4%, unchanged from a downwardly revised July reading, while core inflation remained at 3.0%. The PCE price index is the Fed’s preferred inflation gauge and has remained above its 2% target since 2021.
2026-09-30