PCE
Personal Consumption Expenditures: Chain-type Price Index
FRED • PCEPI
Latest Value
128.61
Index • 2025-12-01
Year over Year
+2.90%
Month over Month
+0.40%
Quarter over Quarter
+0.77%
Historical Performance
Personal Notes
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About This Indicator
Meaning
Measures price changes in personal consumption. The Fed's preferred inflation measure.
Calculation
Derived from GDP data, updated quarterly with monthly estimates. Accounts for substitution effects.
Analyst Usage
Fed's official 2% inflation target uses Core PCE. Compare to CPI for divergence signals.
Related Indicators
Recent Data Points
| Date | Value |
|---|---|
| 2025-12-01 | 128.61 |
| 2025-11-01 | 128.09 |
| 2025-10-01 | 127.83 |
| 2025-09-01 | 127.63 |
| 2025-08-01 | 127.29 |
| 2025-07-01 | 126.96 |
| 2025-06-01 | 126.74 |
| 2025-05-01 | 126.38 |
| 2025-04-01 | 126.15 |
| 2025-03-01 | 125.94 |
| 2025-02-01 | 125.92 |
| 2025-01-01 | 125.42 |
| 2024-12-01 | 124.98 |
| 2024-11-01 | 124.64 |
| 2024-10-01 | 124.49 |
| 2024-09-01 | 124.16 |
| 2024-08-01 | 123.89 |
| 2024-07-01 | 123.74 |
| 2024-06-01 | 123.54 |
| 2024-05-01 | 123.35 |