The US PCE price index rose 0.2% month-over-month in July 2026, above market expectations of a 0.1% increase, following a 0.1% decline in June. Services inflation accelerated to 0.3% from 0.1% in the previous month, while goods prices fell 0.1% (vs -0.6%). Core PCE inflation, which excludes food and energy, increased 0.2%, as expected, following a 0.1% increase in June. On an annual basis, headline PCE inflation remained unchanged at 3.7%, above expectations of 3.6%, while core PCE inflation also held steady at 3.3%, matching expectations. source: U.S. Bureau of Economic Analysis

PCE Price Index Monthly Change in the United States increased to 0.20 percent in July from -0.10 percent in June 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 September of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-30 12:30 PM
PCE Price Index MoM
Jun -0.1% 0.5% -0.1% -0.1%
2026-08-26 12:30 PM
PCE Price Index MoM
Jul 0.2% -0.1% 0.1% 0.2%
2026-09-30 12:30 PM
PCE Price Index MoM
Aug 0.2%


Related Last Previous Unit Reference
Core PCE Price Index 130.66 130.34 points Jul 2026
Core PCE Price Index YoY 3.30 3.30 percent Jul 2026
Core PCE Price Index MoM 0.20 0.10 percent Jul 2026
Core PCE Prices QoQ 3.60 4.40 percent Jun 2026
GDP Price Index 133.86 131.78 points Jun 2026
PCE Price Index 131.66 131.45 points Jul 2026
PCE Price Index YoY 3.70 3.70 percent Jul 2026
PCE Price Index MoM 0.20 -0.10 percent Jul 2026
PCE Prices QoQ 5.30 4.60 percent Jun 2026
Real Personal Spending MoM 0.00 0.40 percent Jul 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
0.20 -0.10 1.20 -1.20 1959 - 2026 percent Monthly
2017=100; SA

News Stream
US PCE Prices Rise More than Expected
The US PCE price index rose 0.2% month-over-month in July 2026, above market expectations of a 0.1% increase, following a 0.1% decline in June. Services inflation accelerated to 0.3% from 0.1% in the previous month, while goods prices fell 0.1% (vs -0.6%). Core PCE inflation, which excludes food and energy, increased 0.2%, as expected, following a 0.1% increase in June. On an annual basis, headline PCE inflation remained unchanged at 3.7%, above expectations of 3.6%, while core PCE inflation also held steady at 3.3%, matching expectations.
2026-08-26
US PCE Prices Fall as Expected
The US PCE price index decreased 0.1% month-over-month in June 2026, as expected, after a 0.5% rise in May. Goods prices fell 0.6%, the most since November 2023, while services inflation slowed to 0.1% from 0.5% in the previous month. The core PCE index, which excludes food and energy, increased 0.1%, following a 0.3% advance in the previous month and less than market forecasts of a 0.2% rise. On an annual basis, headline PCE inflation eased to 3.7% from 4.1%, confirming expectations. Core PCE inflation edged down to 3.3% from 3.4%, also in line with forecasts.
2026-07-30
US PCE Prices Likely to Fall for the First Time Since 2020
The US PCE price index is expected to decline 0.1% month-over-month in June 2026, marking its first monthly decrease since April 2020, after rising 0.4% in each of the previous two months. The ceasefire between the US and Iran in June helped ease energy-related inflationary pressures, leading to lower gasoline prices. The core PCE price index, which excludes food and energy, is projected to rise 0.2%, the smallest monthly increase in seven months, following a 0.3% gain in May. On an annual basis, headline PCE inflation is expected to ease to 3.7% from 4.1% in May, when it reached its highest level since April 2023. If confirmed, the June reading would be the lowest in three months. Core PCE inflation is also forecast to edge down to 3.3% from 3.4%, with May's reading having been the highest since October 2023. Despite the expected moderation in June, PCE inflation is projected to remain well above the Federal Reserve's 2% target.
2026-07-30