The core personal consumption expenditures (PCE) price index in the United States, which excludes prices of food and energy, increased 0.1 percent in November 2019, the same pace as in the previous month and in line with market expectations. Core PCE inflation is the Fed's preferred measure of inflation and the central bank targets it at 2 percent. Year-on-year, the core index went up 1.6 percent, easing from an upwardly revised 1.7 percent increase in the previous month and matching market estimates. Core Pce Price Index in the United States averaged 60 points from 1959 until 2019, reaching an all time high of 112.40 points in November of 2019 and a record low of 16.73 points in January of 1959. source: U.S. Bureau of Economic Analysis
Core Pce Price Index in the United States is expected to be 118.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Pce Price Index in the United States to stand at 119.00 in 12 months time. In the long-term, the United States Core Personal Consumption Expenditure Price Index is projected to trend around 120.00 points in 2020, according to our econometric models.