Core PCE prices in the US, which exclude volatile food and energy cost, increased 3.1 percent yoy in April of 2021, following an upwardly revised 1.9 percent gain in March and compared to market forecasts of 2.9 percent. It is the highest rate since the 1990s, bringing it well above the Fed’s 2 percent target. Still, Fed officials have been reiterating such price pressures including fiscal stimulus, supply constraints and rising commodity prices are transitory. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices. On a monthly basis, core PCE prices went up 0.7 percent, higher than forecasts of 0.6 percent. source: U.S. Bureau of Economic Analysis
Core Pce Price Index in the United States averaged 61.23 points from 1959 until 2021, reaching an all time high of 115.97 points in April of 2021 and a record low of 16.73 points in January of 1959. This page provides - United States Core Pce Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Personal Consumption Expenditure Price Index - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Core Pce Price Index in the United States is expected to be 115.30 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 116.50 in 12 months time. In the long-term, the United States Core Personal Consumption Expenditure Price Index is projected to trend around 119.00 points in 2022, according to our econometric models.