The personal consumption expenditure price index in the United States rose by 5.8 percent from one year ago in December 2021, the largest annual increase since July 1982, reflecting sharp gains in costs for both goods (8.8 percent vs 8.5 percent) and services (4.2 percent vs 4.3 percent). Energy prices jumped 29.9 percent (vs 34.0 percent in November) while food prices advanced 5.7 percent (vs 5.6 percent in November). Excluding food and energy, the PCE price index rose by 4.9 percent year-on-year in December, the most since September 1983 and slightly above market consensus of 4.8 percent, adding to expectations that the US Federal Reserve will be hiking interest rates in March. On a monthly basis, PCE prices advanced 0.4 percent and the core index was up 0.5 percent. source: U.S. Bureau of Economic Analysis

Pce Price Index in the United States averaged 60.46 points from 1959 until 2021, reaching an all time high of 118.72 points in December of 2021 and a record low of 16.04 points in January of 1959. This page provides the latest reported value for - United States Personal Consumption Expenditure Price Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Consumption Expenditure Price Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Pce Price Index in the United States is expected to be 119.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Personal Consumption Expenditure Price Index is projected to trend around 126.00 points in 2023, according to our econometric models.

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United States Personal Consumption Expenditure Price Index


United States Personal Consumption Expenditure Price Index
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
118.72 118.19 118.72 16.04 1959 - 2021 points Monthly
2012=100; SA

Calendar GMT Actual Previous Consensus TEForecast
2022-01-28 01:30 PM PCE Price Index MoM Dec 0.4% 0.6% 0.4%
2022-01-28 01:30 PM PCE Price Index YoY Dec 5.8% 5.7% 5.9%


Related Last Previous Unit Reference
GDP Deflator 119.12 117.41 points Sep/21
Core PCE Prices QoQ 4.90 4.60 percent Dec/21
PCE Prices QoQ 6.50 5.30 percent Dec/21
Pce Price Index 118.72 118.19 points Dec/21
Core Pce Price Index 120.05 119.45 points Dec/21


News Stream
US PCE Price Inflation Hits 39-1/2-Year High
The personal consumption expenditure price index in the United States rose by 5.8 percent from one year ago in December 2021, the largest annual increase since July 1982, reflecting sharp gains in costs for both goods (8.8 percent vs 8.5 percent) and services (4.2 percent vs 4.3 percent). Energy prices jumped 29.9 percent (vs 34.0 percent in November) while food prices advanced 5.7 percent (vs 5.6 percent in November). Excluding food and energy, the PCE price index rose by 4.9 percent year-on-year in December, the most since September 1983 and slightly above market consensus of 4.8 percent, adding to expectations that the US Federal Reserve will be hiking interest rates in March. On a monthly basis, PCE prices advanced 0.4 percent and the core index was up 0.5 percent.
2022-01-28
PCE Consumer Prices Rise the Most in 39 Years
The personal consumption expenditure price index in the US increased 5.7 percent from a year earlier in November, the most in 39 years, reflecting increases in both goods and services. Energy prices were up 34 percent while food prices increased 5.6 percent. Excluding food and energy, the index was up 4.7 percent. Month-over-month, the PCE rose by 0.6 percent, following an upwardly revised 0.7 percent advance in October as prices of goods grew at a slower pace (0.9 percent vs 1.3 percent in October) and services inflation picked up (0.5 percent from 0.4 percent). Within goods, durable goods inflation eased to 0.4 percent from 1.4 percent in the previous month, while non-durable goods inflation remained steady at 1.2 percent. Excluding food and energy, PCE prices advanced 0.5 percent, above market expectations of 0.4 percent.
2021-12-23
US PCE Prices Rise Most in 6 Months
The personal consumption expenditure price index in the United States rose by 0.6 percent from a month earlier in October 2021, following a revised 0.4 percent advance in September. It was the largest price increase since April, mainly boosted by cost for durable (1.2 percent vs 0.3 percent in September) and nondurable goods (1.2 percent vs 0.6 percent). Meanwhile, services inflation was unchanged at 0.3 percent. Excluding food and energy, PCE prices advanced 0.4 percent in October, in line with market expectations and the most since June. Year-on-year, the PCE price index advanced 5.0 percent and the core index increased 4.1 percent.
2021-11-24