The US PCE price increased 0.4% month-over-month in April 2026, less than market expectations of 0.5%, following a 0.7% jump in March, which was the sharpest gain since June 2022. Goods prices increased 0.7% (vs 1.4% in March), while services inflation was steady at 0.3%. The core PCE index, which excludes food and energy, increased 0.2% after a 0.3% gain in March. On an annual basis, headline PCE inflation accelerated for a second straight month to 3.8% from 3.5% in March, reaching its highest level since May 2023 and aligning with headline CPI inflation. Core PCE inflation edged higher to 3.3% from 3.2%, marking its highest reading since late 2023. source: U.S. Bureau of Economic Analysis

PCE Price Index Monthly Change in the United States decreased to 0.40 percent in April from 0.70 percent in March 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 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 May of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-04-30 12:30 PM
PCE Price Index MoM
Mar 0.7% 0.4% 0.7% 0.6%
2026-05-28 12:30 PM
PCE Price Index MoM
Apr 0.4% 0.7% 0.5% 0.5%
2026-06-25 12:30 PM
PCE Price Index MoM
May 0.4%


Related Last Previous Unit Reference
Core PCE Price Index 129.63 129.32 points Apr 2026
Core PCE Price Index YoY 3.30 3.20 percent Apr 2026
Core PCE Price Index MoM 0.20 0.30 percent Apr 2026
Core PCE Prices QoQ 4.40 2.70 percent Mar 2026
GDP Price Index 131.74 130.62 points Mar 2026
PCE Price Index 130.90 130.38 points Apr 2026
PCE Price Index YoY 3.80 3.50 percent Apr 2026
PCE Price Index MoM 0.40 0.70 percent Apr 2026
PCE Prices QoQ 4.50 2.90 percent Mar 2026
Real Personal Spending MoM 0.10 0.30 percent Apr 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
0.40 0.70 1.20 -1.20 1959 - 2026 percent Monthly
2017=100; SA

News Stream
US PCE Inflation Remains Elevated
The US PCE price increased 0.4% month-over-month in April 2026, less than market expectations of 0.5%, following a 0.7% jump in March, which was the sharpest gain since June 2022. Goods prices increased 0.7% (vs 1.4% in March), while services inflation was steady at 0.3%. The core PCE index, which excludes food and energy, increased 0.2% after a 0.3% gain in March. On an annual basis, headline PCE inflation accelerated for a second straight month to 3.8% from 3.5% in March, reaching its highest level since May 2023 and aligning with headline CPI inflation. Core PCE inflation edged higher to 3.3% from 3.2%, marking its highest reading since late 2023.
2026-05-28
US PCE Inflation Likely to Remain Elevated
The US PCE price index is expected to rise 0.5% month-over-month in April 2026, following a 0.7% increase in March, which marked the sharpest gain since June 2022 amid a surge in energy costs triggered by the war with Iran. The core PCE index, which excludes food and energy, is projected to increase 0.3%, matching the pace recorded in the previous month. On an annual basis, headline PCE inflation is expected to accelerate for a second straight month to 3.8% from 3.5% in March, reaching its highest level since May 2023 and aligning with headline CPI inflation. Core PCE inflation is also seen edging higher to 3.3% from 3.2%, marking its highest reading since late 2023. Overall, the report is likely to reinforce the view that inflationary pressures remain elevated and well above the Federal Reserve’s 2% target.
2026-05-28
US PCE Inflation Highest in 4 Years
The US PCE price index rose 0.7% month-over-month in March 2026, matching expectations and accelerating from February’s 0.4% increase. It was the steepest monthly increase in PCE prices since June 2022. Goods prices jumped 1.4%, driven by a 20.9% rally in gasoline and other energy goods. Also, services inflation accelerated to 0.3%, up from 0.2%, mainly due to transportation services. The core PCE index, excluding food and energy, increased 0.3% after a 0.4% gain in February. Annually, the headline PCE index reached 3.5%, while the core index rose to 3.2%.
2026-04-30