The personal consumption expenditure price index in the United States rose 0.6 percent month-over-month in January of 2023, the most in seven months and after an upwardly revised 0.2 percent increase in December. The cost of goods went up 0.6 percent, recovering from a 0.5 percent fall in the previous month while service inflation was steady at 0.6 percent. Food prices went up 0.4 percent, the same as in December and energy prices surged 2 percent, after falling 3.6 percent. Excluding food and energy, the PCE price index advanced 0.6 percent, faster than market expectations of a 0.4 percent rise, suggesting inflation is becoming more entrenched in the economy. The annual rate accelerated to 5.4 percent from an upwardly revised 5.3 percent in December. source: U.S. Bureau of Economic Analysis

PCE Price Index Monthly Change in the United States averaged 0.27 percent from 1959 until 2023, reaching an all time high of 1.20 percent in February of 1974 and a record low of -1.20 percent in November of 2008. This page includes a chart with historical data for the United States PCE Price Index Monthly Change. United States PCE Price Index Monthly Change - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

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United States PCE Price Index Monthly Change



Calendar GMT Actual Previous Consensus TEForecast
2023-01-27 01:30 PM Dec 0.1% 0.1% 0.1%
2023-02-24 01:30 PM Jan 0.6% 0.2% 0.3%
2023-03-31 12:30 PM Feb 0.6%


Related Last Previous Unit Reference
GDP Deflator 129.38 128.27 points Dec 2022
Core PCE Price Index Annual Change 4.70 4.60 percent Jan 2023
PCE Price Index Annual Change 5.40 5.30 percent Jan 2023
PCE Prices QoQ 3.70 4.30 percent Dec 2022
Core PCE Prices QoQ 4.30 4.70 percent Dec 2022
Core PCE Price Index 126.45 125.73 points Jan 2023
PCE Price Index 125.90 125.12 points Jan 2023

United States PCE Price Index Monthly 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
0.60 0.20 1.20 -1.20 1959 - 2023 percent Monthly
2012=100; SA

News Stream
US PCE Prices Rise the Most in 7 Months
The personal consumption expenditure price index in the United States rose 0.6 percent month-over-month in January of 2023, the most in seven months and after an upwardly revised 0.2 percent increase in December. The cost of goods went up 0.6 percent, recovering from a 0.5 percent fall in the previous month while service inflation was steady at 0.6 percent. Food prices went up 0.4 percent, the same as in December and energy prices surged 2 percent, after falling 3.6 percent. Excluding food and energy, the PCE price index advanced 0.6 percent, faster than market expectations of a 0.4 percent rise, suggesting inflation is becoming more entrenched in the economy. The annual rate accelerated to 5.4 percent from an upwardly revised 5.3 percent in December.
2023-02-24
US PCE Rises 0.1% MoM
The PCE Price Index in the United States rose by 0.1 percent month-over-month in December of 2022, the same as in the previous month. Services prices increased (0.5 percent vs. 0.3 percent) while those for goods declined further (-0.7 percent vs. -0.4 percent). Meantime, food prices went up 0.2 percent, following a 0.3 percent gain in November. Year-on-year, the PCE Price Index rose by 5 percent, the least since September 2021.
2023-01-27
US PCE Inflation Stabilizes in September
The personal consumption expenditure price index in the United States rose 0.3 percent month-over-month in September of 2022, the same as in the previous month. Prices for goods decreased 0.1 percent, reflecting a decrease in prices for nondurable goods (led by gasoline and other energy goods). Prices for services increased 0.6 percent (led by housing and transportation services). Food prices increased 0.6 percent and energy prices decreased 2.4 percent. Excluding food and energy, the PCE price index increased 0.5 percent.
2022-10-28