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.