Core PCE prices in the US which exclude food and energy increased 0.3% mom in July of 2021, following an upwardly revised 0.5% rise in June and in line with forecasts. The annual rate was steady at 3.6%, and also matching expectations. It is the 2nd consecutive month that core PCE inflation shows signs of cooling. Fed officials have been reiterating such price pressures are transitory because of fiscal stimulus, supply constraints, and rising commodity prices. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices. source: U.S. Bureau of Economic Analysis

Core Pce Price Index in the United States averaged 61.46 points from 1959 until 2021, reaching an all time high of 117.72 points in July of 2021 and a record low of 16.73 points in January of 1959. This page provides - United States Core Pce Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Personal Consumption Expenditure Price Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Core Pce Price Index in the United States is expected to be 117.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Personal Consumption Expenditure Price Index is projected to trend around 119.00 points in 2022, according to our econometric models.

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United States Core Personal Consumption Expenditure Price Index

Actual Previous Highest Lowest Dates Unit Frequency
117.72 117.32 117.72 16.73 1959 - 2021 points Monthly
2012=100; SA


Calendar GMT Actual Previous Consensus TEForecast
2021-07-30 12:30 PM Core PCE Price Index YoY Jun 3.5% 3.4% 3.7% 3.7%
2021-07-30 12:30 PM Core PCE Price Index MoM Jun 0.4% 0.5% 0.6% 0.6%
2021-08-27 12:30 PM Core PCE Price Index YoY Jul 3.6% 3.6% 3.6% 3.5%
2021-08-27 12:30 PM Core PCE Price Index MoM Jul 0.3% 0.5% 0.3% 0.3%


News Stream
US Core PCE Inflation in Line with Forecasts
Core PCE prices in the US which exclude food and energy increased 0.3% mom in July of 2021, following an upwardly revised 0.5% rise in June and in line with forecasts. The annual rate was steady at 3.6%, and also matching expectations. It is the 2nd consecutive month that core PCE inflation shows signs of cooling. Fed officials have been reiterating such price pressures are transitory because of fiscal stimulus, supply constraints, and rising commodity prices. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices.
2021-08-27
US Core PCE Inflation Shows Signs of Cooling
Core PCE prices in the US which exclude food and energy increased 0.4% mom in June of 2021, easing from a 0.5% rise in May and below forecasts of 0.6%. The annual rate however, edged up to 3.5% from 3.4% but was below market forecasts of 3.7%. Fed officials have been reiterating such price pressures are transitory because of fiscal stimulus, supply constraints, and rising commodity prices. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices.
2021-07-30
US Core PCE Prices Rise The Most Since 1992
Core personal consumption expenditure prices in the US, which exclude volatile food and energy cost, increased 3.4 percent year over year in May of 2021, following a 3.1 percent gain in April and matching market expectations. It is the highest rate since 1992 bringing it well above the Fed’s 2 percent target. Still, Fed officials have been reiterating such price pressures are transitory because of fiscal stimulus, supply constraints, and rising commodity prices. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices. On a monthly basis, core PCE prices went up 0.5 percent, below forecasts of 0.6 percent.
2021-06-25
US PCE Inflation Above Forecasts
Core PCE prices in the US, which exclude volatile food and energy cost, increased 3.1 percent yoy in April of 2021, following an upwardly revised 1.9 percent gain in March and compared to market forecasts of 2.9 percent. It is the highest rate since the 1990s, bringing it well above the Fed’s 2 percent target. Still, Fed officials have been reiterating such price pressures including fiscal stimulus, supply constraints and rising commodity prices are transitory. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices. On a monthly basis, core PCE prices went up 0.7 percent, higher than forecasts of 0.6 percent.
2021-05-28

United States Core Personal Consumption Expenditure Price Index
In the United States, the Core Personal Consumption Expenditure Price Index provides a measure of the prices paid by people for domestic purchases of goods and services, excluding the prices of food and energy. The core PCE is the Fed's preferred inflation measure. The central bank has a 2 percent target.