Core PCE Price Index in United States

Oficina de Analisis Economico (BEA) · Monthly · Importance 90

3.3% (Jul-26) YOY · % · Mensual · CSV

Recessions COVID recession

Period	%
Jul 2026	3.3%
Jun 2026	3.3%
May 2026	3.5%
Apr 2026	3.3%
Mar 2026	3.3%
Feb 2026	3.1%
Jan 2026	3.1%
Dec 2025	3.0%
Nov 2025	2.8%
Oct 2025	2.8%
Sep 2025	2.8%
Aug 2025	2.9%
Jul 2025	2.9%
Jun 2025	2.8%
May 2025	2.8%
Apr 2025	2.6%
Mar 2025	2.7%
Feb 2025	3.0%
Jan 2025	2.8%
Dec 2024	3.0%
Nov 2024	3.0%
Oct 2024	3.0%
Sep 2024	2.8%
Aug 2024	2.9%
Jul 2024	2.8%
Jun 2024	2.8%
May 2024	2.8%
Apr 2024	3.0%
Mar 2024	3.1%
Feb 2024	3.1%
Jan 2024	3.2%
Dec 2023	3.1%
Nov 2023	3.3%
Oct 2023	3.5%
Sep 2023	3.7%
Aug 2023	3.8%
Jul 2023	4.3%
Jun 2023	4.4%
May 2023	4.7%
Apr 2023	4.8%
Mar 2023	4.8%
Feb 2023	4.9%
Jan 2023	4.9%
Dec 2022	5.0%
Nov 2022	5.2%
Oct 2022	5.5%
Sep 2022	5.6%
Aug 2022	5.4%
Jul 2022	5.1%
Jun 2022	5.3%
May 2022	5.2%
Apr 2022	5.4%
Mar 2022	5.6%
Feb 2022	5.6%
Jan 2022	5.4%
Dec 2021	5.2%
Nov 2021	4.9%
Oct 2021	4.4%
Sep 2021	4.0%
Aug 2021	4.0%

Period	%
Jul 2026	0.3%
Jun 2026	0.2%
May 2026	0.4%
Apr 2026	0.3%
Mar 2026	0.3%
Feb 2026	0.4%
Jan 2026	0.4%
Dec 2025	0.3%
Nov 2025	0.2%
Oct 2025	0.2%
Sep 2025	0.2%
Aug 2025	0.2%
Jul 2025	0.3%
Jun 2025	0.3%
May 2025	0.2%
Apr 2025	0.2%
Mar 2025	0.1%
Feb 2025	0.5%
Jan 2025	0.3%
Dec 2024	0.2%
Nov 2024	0.1%
Oct 2024	0.3%
Sep 2024	0.3%
Aug 2024	0.2%
Jul 2024	0.2%
Jun 2024	0.2%
May 2024	0.1%
Apr 2024	0.2%
Mar 2024	0.4%
Feb 2024	0.3%
Jan 2024	0.5%
Dec 2023	0.2%
Nov 2023	0.1%
Oct 2023	0.2%
Sep 2023	0.3%
Aug 2023	0.1%
Jul 2023	0.1%
Jun 2023	0.3%
May 2023	0.3%
Apr 2023	0.4%
Mar 2023	0.3%
Feb 2023	0.4%
Jan 2023	0.5%
Dec 2022	0.4%
Nov 2022	0.3%
Oct 2022	0.4%
Sep 2022	0.4%
Aug 2022	0.6%
Jul 2022	0.2%
Jun 2022	0.6%
May 2022	0.4%
Apr 2022	0.4%
Mar 2022	0.4%
Feb 2022	0.4%
Jan 2022	0.5%
Dec 2021	0.6%
Nov 2021	0.5%
Oct 2021	0.5%
Sep 2021	0.2%
Aug 2021	0.3%

Period	%
Jul 2026	3.7%
Jun 2026	3.7%
May 2026	4.1%
Apr 2026	3.8%
Mar 2026	3.5%
Feb 2026	2.9%
Jan 2026	2.9%
Dec 2025	2.9%
Nov 2025	2.8%
Oct 2025	2.7%
Sep 2025	2.8%
Aug 2025	2.8%
Jul 2025	2.6%
Jun 2025	2.6%
May 2025	2.5%
Apr 2025	2.3%
Mar 2025	2.4%
Feb 2025	2.7%
Jan 2025	2.6%
Dec 2024	2.7%
Nov 2024	2.6%
Oct 2024	2.5%
Sep 2024	2.3%
Aug 2024	2.4%
Jul 2024	2.6%
Jun 2024	2.6%
May 2024	2.7%
Apr 2024	2.8%
Mar 2024	2.9%
Feb 2024	2.7%
Jan 2024	2.7%
Dec 2023	2.8%
Nov 2023	2.8%
Oct 2023	3.0%
Sep 2023	3.5%
Aug 2023	3.4%
Jul 2023	3.4%
Jun 2023	3.3%
May 2023	4.0%
Apr 2023	4.5%
Mar 2023	4.4%
Feb 2023	5.2%
Jan 2023	5.5%
Dec 2022	5.5%
Nov 2022	6.0%
Oct 2022	6.5%
Sep 2022	6.7%
Aug 2022	6.6%
Jul 2022	6.8%
Jun 2022	7.2%
May 2022	6.8%
Apr 2022	6.7%
Mar 2022	6.9%
Feb 2022	6.6%
Jan 2022	6.3%
Dec 2021	6.1%
Nov 2021	5.9%
Oct 2021	5.3%
Sep 2021	4.7%
Aug 2021	4.6%

Period	%
Jul 2026	0.2%
Jun 2026	-0.1%
May 2026	0.5%
Apr 2026	0.4%
Mar 2026	0.7%
Feb 2026	0.4%
Jan 2026	0.4%
Dec 2025	0.3%
Nov 2025	0.2%
Oct 2025	0.2%
Sep 2025	0.3%
Aug 2025	0.3%
Jul 2025	0.2%
Jun 2025	0.3%
May 2025	0.2%
Apr 2025	0.2%
Mar 2025	0.0%
Feb 2025	0.4%
Jan 2025	0.4%
Dec 2024	0.3%
Nov 2024	0.1%
Oct 2024	0.3%
Sep 2024	0.2%
Aug 2024	0.1%
Jul 2024	0.2%
Jun 2024	0.2%
May 2024	0.0%
Apr 2024	0.3%
Mar 2024	0.4%
Feb 2024	0.3%
Jan 2024	0.5%
Dec 2023	0.1%
Nov 2023	0.0%
Oct 2023	0.1%
Sep 2023	0.4%
Aug 2023	0.3%
Jul 2023	0.1%
Jun 2023	0.3%
May 2023	0.2%
Apr 2023	0.4%
Mar 2023	0.1%
Feb 2023	0.3%
Jan 2023	0.5%
Dec 2022	0.1%
Nov 2022	0.3%
Oct 2022	0.5%
Sep 2022	0.4%
Aug 2022	0.3%
Jul 2022	0.0%
Jun 2022	1.0%
May 2022	0.6%
Apr 2022	0.3%
Mar 2022	0.9%
Feb 2022	0.6%
Jan 2022	0.6%
Dec 2021	0.6%
Nov 2021	0.7%
Oct 2021	0.7%
Sep 2021	0.3%
Aug 2021	0.4%

Period	%
Apr 2026	5.1%
Jan 2026	4.6%
Oct 2025	2.9%
Jul 2025	2.8%
Apr 2025	2.1%
Jan 2025	3.4%
Oct 2024	2.5%
Jul 2024	1.7%
Apr 2024	2.6%
Jan 2024	3.6%
Oct 2023	1.8%
Jul 2023	2.7%
Apr 2023	3.0%
Jan 2023	3.9%
Oct 2022	4.1%
Jul 2022	4.7%
Apr 2022	7.5%
Jan 2022	7.7%
Oct 2021	6.8%
Jul 2021	5.6%
Apr 2021	6.2%
Jan 2021	4.6%
Oct 2020	2.1%
Jul 2020	3.2%
Apr 2020	-1.6%
Jan 2020	1.4%
Oct 2019	1.6%
Jul 2019	1.0%
Apr 2019	2.3%
Jan 2019	0.8%
Oct 2018	1.5%
Jul 2018	1.3%
Apr 2018	2.1%
Jan 2018	2.8%
Oct 2017	2.4%
Jul 2017	1.4%
Apr 2017	0.8%
Jan 2017	2.4%
Oct 2016	1.8%
Jul 2016	1.4%
Apr 2016	2.6%
Jan 2016	0.2%
Oct 2015	-0.3%
Jul 2015	1.0%
Apr 2015	2.0%
Jan 2015	-1.8%
Oct 2014	-0.5%
Jul 2014	1.1%
Apr 2014	1.8%
Jan 2014	1.8%
Oct 2013	1.5%
Jul 2013	1.7%
Apr 2013	0.2%
Jan 2013	1.4%
Oct 2012	2.3%
Jul 2012	1.2%
Apr 2012	1.0%
Jan 2012	2.7%
Oct 2011	1.3%
Jul 2011	1.9%

Period	%
Apr 2026	3.4%
Jan 2026	4.4%
Oct 2025	2.7%
Jul 2025	2.9%
Apr 2025	2.6%
Jan 2025	3.3%
Oct 2024	2.7%
Jul 2024	2.4%
Apr 2024	2.9%
Jan 2024	4.0%
Oct 2023	2.1%
Jul 2023	2.4%
Apr 2023	4.0%
Jan 2023	4.7%
Oct 2022	4.7%
Jul 2022	5.1%
Apr 2022	4.9%
Jan 2022	6.1%
Oct 2021	5.3%
Jul 2021	4.8%
Apr 2021	5.8%
Jan 2021	3.5%
Oct 2020	1.8%
Jul 2020	3.0%
Apr 2020	-0.8%
Jan 2020	1.8%
Oct 2019	1.4%
Jul 2019	1.5%
Apr 2019	1.7%
Jan 2019	1.6%
Oct 2018	1.9%
Jul 2018	1.3%
Apr 2018	2.2%
Jan 2018	2.6%
Oct 2017	1.8%
Jul 2017	1.2%
Apr 2017	1.4%
Jan 2017	1.9%
Oct 2016	1.4%
Jul 2016	1.8%
Apr 2016	2.2%
Jan 2016	1.7%
Oct 2015	1.0%
Jul 2015	1.3%
Apr 2015	1.8%
Jan 2015	0.7%
Oct 2014	1.1%
Jul 2014	1.5%
Apr 2014	1.8%
Jan 2014	1.3%
Oct 2013	1.7%
Jul 2013	1.6%
Apr 2013	1.1%
Jan 2013	1.6%
Oct 2012	1.8%
Jul 2012	1.2%
Apr 2012	1.7%
Jan 2012	2.6%
Oct 2011	1.4%
Jul 2011	1.8%

About this indicator

Source	U.S. Bureau of Economic Analysis
Frequency	Monthly
Release	Aproximadamente un mes después del periodo de referencia. (12:30 GMT)
What it is	It is the core version of the personal consumption expenditures price index, which excludes food and energy. It tracks the prices of goods and services bought by US households and is the Federal Reserve's preferred inflation gauge. It is published by the Bureau of Economic Analysis (BEA).
How it's calculated	It is derived from the personal consumption expenditures deflator in the national accounts, stripping out food and energy. Unlike the CPI, its weights are updated continuously as household spending patterns shift. It is followed through its month-on-month and year-on-year changes.
Market implications	It is the inflation measure the Federal Reserve targets at 2%, making it highly relevant for interest rate decisions. A hotter-than-expected print tends to push yields and the dollar higher and delay rate cuts; a cooler one does the opposite.
Limitations	It is released later than the CPI and is revised as the national accounts are updated. By excluding food and energy it misses the real cost households face when those prices spike, so it is best read alongside the headline index.