The personal consumption expenditure price index in the United States rose 4.4 percent year-on-year in April 2023, accelerating from a 4.2 percent advance in the previous month. Prices for goods increased 2.1 percent, up from 1.6 percent in March, and prices for services increased 5.5 percent, the same as in the prior month. Meanwhile, food inflation eased to 6.9 percent from 8 percent and energy prices decreased 6.3 percent, following a 9.8 percent fall. Excluding food and energy, the PCE price index increased 4.7 percent from one year ago, above market expectations of 4.6 percent. source: U.S. Bureau of Economic Analysis

PCE Price Index Annual Change in the United States averaged 3.31 percent from 1960 until 2023, reaching an all time high of 11.59 percent in March of 1980 and a record low of -1.47 percent in July of 2009. This page includes a chart with historical data for the United States PCE Price Index Annual Change. United States PCE Price Index Annual Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

PCE Price Index Annual Change in the United States is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States PCE Price Index Annual Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 12:30 PM Mar 4.2% 5.1% 4.5%
2023-05-26 12:30 PM Apr 4.4% 4.2% 4.1%
2023-06-30 12:30 PM May 4.4%


Related Last Previous Unit Reference
Core PCE Price Index Annual Change 4.70 4.60 percent Apr 2023
PCE Price Index 126.86 126.40 points Apr 2023
Core PCE Price Index 127.76 127.28 points Apr 2023

United States PCE Price Index Annual Change
In the United States, the Personal Consumption Expenditure Price Index provides a measure of the prices paid for domestic purchases of goods and services. While the Consumer Price Index assumes a fixed basket of goods and uses expenditure weights that do not change over time for several years, the Personal Consumption Expenditure Price Index uses a chain index and resorts on expenditure data from the current period and the preceding period (known as Fisher Price Index).
Actual Previous Highest Lowest Dates Unit Frequency
4.40 4.20 11.59 -1.47 1960 - 2023 percent Monthly
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News Stream
US PCE Inflation Accelerates in April
The personal consumption expenditure price index in the United States rose 4.4 percent year-on-year in April 2023, accelerating from a 4.2 percent advance in the previous month. Prices for goods increased 2.1 percent, up from 1.6 percent in March, and prices for services increased 5.5 percent, the same as in the prior month. Meanwhile, food inflation eased to 6.9 percent from 8 percent and energy prices decreased 6.3 percent, following a 9.8 percent fall. Excluding food and energy, the PCE price index increased 4.7 percent from one year ago, above market expectations of 4.6 percent.
2023-05-26
US PCE Inflation Lowest since May 2021
The personal consumption expenditure price index in the United States rose by 4.2% year-on-year in March 2023, the lowest since May 2021 and easing from an upwardly revised 5.1% rise in the previous month. Prices for goods were up 1.6% (vs 4.7% in February) and prices for services increased 5.7% (vs 5.6%). Food cost rose 9.7% (vs 11.1%) and energy prices increased 5.5% (vs 5.8%). Compared to the previous month, the PCE Price Index went up by 0.1%.
2023-04-28
US PCE Inflation Lowest since September 2021
The personal consumption expenditure price index in the United States increased by 5% year-on-year in February of 2023, the lowest since September 2021 and easing from a downwardly revised 5.3% rise in the previous month. Prices for goods were up 3.6% (vs 4.7% in January) and prices for services increased 5.7% (vs 5.6%). Food cost rose 9.7% (vs 11.1%) and energy prices increased 5.1% (vs 9.6%). Compared to the previous month, the PCE Price Index rose by 0.3%.
2023-03-31