The US personal consumption expenditures price index increased 0.1% month-over-month in November 2024, below 0.2% in each of the previous two months and lower than forecasts of 0.2%. Prices for goods increased less than 0.1% and prices for services were up 0.2%. The core PCE index, which excludes volatile food and energy prices, also increased 0.1%, the least in six months, compared to a 0.3% increase recorded in October and September and forecasts of 0.2%. Food prices gained 0.2% and energy prices also edged up 0.2%. On an annual basis, the headline PCE inflation rate accelerated for a second month to 2.4% from 2.3%, but below expectations of 2.5%. Core PCE inflation unexpectedly steadied at 2.8%, while forecasts were pointing to a rise to 2.9%. In December, the Federal Reserve revised its economic projections upward, raising the 2025 annual PCE inflation forecast to 2.5% from 2.1% and the core PCE inflation forecast to 2.5% from 2.2% previously estimated in September. source: U.S. Bureau of Economic Analysis

PCE Price Index Monthly Change in the United States decreased to 0.10 percent in November from 0.20 percent in October of 2024. PCE Price Index Monthly Change in the United States averaged 0.27 percent from 1959 until 2024, reaching an all time high of 1.20 percent in February of 1974 and a record low of -1.20 percent in November of 2008. This page includes a chart with historical data for the United States PCE Price Index Monthly Change. United States PCE Price Index Monthly Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-27 03:00 PM
PCE Price Index MoM
Oct 0.2% 0.2% 0.2% 0.2%
2024-12-20 01:30 PM
PCE Price Index MoM
Nov 0.1% 0.2% 0.2% 0.3%
2025-01-31 01:30 PM
PCE Price Index MoM
Dec 0.1%


Related Last Previous Unit Reference
Core PCE Price Index 123.70 123.56 points Nov 2024
Core PCE Price Index YoY 2.80 2.80 percent Nov 2024
Core PCE Price Index MoM 0.10 0.30 percent Nov 2024
Core PCE Prices QoQ 2.20 2.80 percent Sep 2024
GDP Price Index 125.51 124.94 points Sep 2024
PCE Price Index 124.38 124.22 points Nov 2024
PCE Price Index YoY 2.40 2.30 percent Nov 2024
PCE Price Index MoM 0.10 0.20 percent Nov 2024
PCE Prices QoQ 1.50 2.50 percent Sep 2024

United States PCE Price Index Monthly Change
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
0.10 0.20 1.20 -1.20 1959 - 2024 percent Monthly
2017=100; SA


News Stream
US PCE Prices Rise Less Than Expected
The US personal consumption expenditures price index increased 0.1% month-over-month in November 2024, below 0.2% in each of the previous two months and lower than forecasts of 0.2%. Prices for goods increased less than 0.1% and prices for services were up 0.2%. The core PCE index, which excludes volatile food and energy prices, also increased 0.1%, the least in six months, compared to a 0.3% increase recorded in October and September and forecasts of 0.2%. Food prices gained 0.2% and energy prices also edged up 0.2%. On an annual basis, the headline PCE inflation rate accelerated for a second month to 2.4% from 2.3%, but below expectations of 2.5%. Core PCE inflation unexpectedly steadied at 2.8%, while forecasts were pointing to a rise to 2.9%. In December, the Federal Reserve revised its economic projections upward, raising the 2025 annual PCE inflation forecast to 2.5% from 2.1% and the core PCE inflation forecast to 2.5% from 2.2% previously estimated in September.
2024-12-20
US PCE Prices Seen Rising 0.2%, Annual Rate to Accelerate
The US personal consumption expenditures price index likely increased by 0.2% month-over-month in November 2024, matching the gains of the previous two months. The core PCE index, which excludes volatile food and energy prices, is also expected to rise by 0.2%, easing from the 0.3% increases recorded in October and September. On an annual basis, the headline PCE inflation rate is projected to edge up to 2.5% from 2.3%, marking the second consecutive monthly rise, while core PCE inflation is forecast to increase to 2.9% from 2.8%. These upticks in annual rates are largely attributed to base effects from the prior year. In December, the Federal Reserve revised its economic projections upward, raising the 2025 annual PCE inflation forecast to 2.5% from 2.1% and the core PCE inflation forecast to 2.5% from 2.2% previously estimated in September.
2024-12-20
US PCE Prices Up 0.2% as Expected
The personal consumption expenditure price index in the US increased 0.2% month-over-month in October 2024, the same as in September and in line with expectations. Service prices rose by 0.4%, while goods prices decreased 0.1%. The core PCE index, excluding food and energy, rose 0.3%, also the same as in the previous month, as expected. Food prices were unchanged and energy prices decreased 0.1%. Annually, the PCE inflation rate edged higher to 2.3% from 2021-lows of 2.1%. The core rate rose to 2.8% from 2.7%. These increases in annual rates are influenced by base effects from the previous year, although the broader trend of slowing disinflation is expected to persist. The Federal Reserve revised its economic projections in September, lowering annual PCE and core PCE inflation estimates to 2.3% and 2.6%, respectively, from 2.6% and 2.8% in June.
2024-11-27