The personal consumption expenditure price index in the United States rose 0.2 percent month-over-month in November 2019, the same pace as in the previous month. Services prices advanced 0.2 percent, the same pace as in the previous month. Meanwhile, goods cost was flat, after rising 0.3 percent in the prior month, as prices slowed for non-durable goods (0.1 percent vs 0.5 percent) and fell for durable ones (-0.2 percent vs 0.1 percent). Year-on-year, the PCE price index went up 1.5 percent, after an upwardly revised 1.4 percent in the previous month. Pce Price Index in the United States averaged 58.69 points from 1959 until 2019, reaching an all time high of 110.37 points in November of 2019 and a record low of 16.07 points in January of 1959.
Pce Price Index in the United States is expected to be 110.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Pce Price Index in the United States to stand at 114.00 in 12 months time. In the long-term, the United States Personal Consumption Expenditure Price Index is projected to trend around 121.00 points in 2020, according to our econometric models.