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. source: U.S. Bureau of Economic Analysis
Pce Price Index in the United States averaged 60.38 points from 1959 until 2021, reaching an all time high of 118.20 points in November 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 118.50 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 122.00 points in 2022 and 126.00 points in 2023, according to our econometric models.