The personal consumption expenditure price index in the United States increased 0.6% month-over-month in May of 2022, higher than 0.2% in April. The annual rate however, was unchanged at 6.3% after touching a record high of 6.6% in March. Energy prices increased 35.8% (vs 30.4% in April) while food inflation quickened again to 11% from 10%. Excluding food and energy, PCE inflation eased to 4.7% from 4.9%, below forecasts of 4.8%. source: U.S. Bureau of Economic Analysis

Pce Price Index in the United States averaged 60.86 points from 1959 until 2022, reaching an all time high of 122.05 points in May of 2022 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 July of 2022.

Pce Price Index in the United States is expected to be 124.00 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 135.00 points in 2023 and 130.00 points in 2024, according to our econometric models.

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United States Personal Consumption Expenditure Price Index



Calendar GMT Actual Previous Consensus TEForecast
2022-05-27 12:30 PM Apr 0.2% 0.9% 0.3%
2022-06-30 12:30 PM May 0.6% 0.2% 0.9%


Related Last Previous Unit Reference
GDP Deflator 123.58 121.19 points Mar 2022
Core PCE Price Index Annual Change 4.70 4.90 percent May 2022
PCE Price Index Annual Change 6.30 6.30 percent May 2022
PCE Prices QoQ 7.10 6.40 percent Mar 2022
Core PCE Prices QoQ 5.20 5.00 percent Mar 2022
Pce Price Index 122.05 121.34 points May 2022
Core Pce Price Index 122.24 121.81 points May 2022

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
122.05 121.34 122.05 16.04 1959 - 2022 points Monthly
2012=100; SA

News Stream
US PCE Inflation Remains Elevated
The personal consumption expenditure price index in the United States increased 0.6% month-over-month in May of 2022, higher than 0.2% in April. The annual rate also however, was unchanged at 6.3% after touching a record high of 6.6% in March. Energy prices increased 35.8% (vs 30.4% in April) while food inflation quickened again to 11% from 10%. Excluding food and energy, PCE inflation eased to 4.7% from 4.9%, below forecasts of 4.8%.
2022-06-30
US PCE Inflation Slows in April
The personal consumption expenditure price index in the United States increased 0.2% month-over-month in April of 2022, much less than a 0.9% rise in March. The annual rate also slowed to 6.3% from a record high of 6.6%. Energy prices increased 30.4%, less than 33.9% in March but food inflation quickened to 10%. Meantime, excluding food and energy, the PCE price index rose 0.3% month-over-month, the same as in the previous month and in line with market expectations. Also, the annual core rate, Fed’s preferred gauge of inflation, eased to a 4-month low of 4.9% from 5.2% in the prior month, in line with expectations, in a sign that price increases could be slowing.
2022-05-27
US PCE Price Inflation at Four-Decade High
The personal consumption expenditure price index in the United States climbed 6.4% year-on-year in February of 2022, quickening from a downwardly revised 6.0% increase in January. It was the steepest rise since February of 1982, reflecting stronger gains in prices of goods (9.6% vs 8.8% in January), while services rose at the same pace as in January (4.6%). Energy prices jumped 25.7%, while food prices were up 8.0%. Annual core PCE inflation, which is the Fed's preferred measure of price changes, rose 5.4% from a year ago, the highest since April of 1983 but slightly below market expectations of 5.5%, signaling persistent inflationary pressures.
2022-03-31