US core PCE inflation
Underlying inflation on the Fed's preferred measure.
- Latest
- 3.0%
- Previous
- 3.0%
- Change
- 0.0 pp
- Frequency
- Monthly
Calculated by Take Profits
Year-over-year % = (index this period ÷ index in the same period a year earlier − 1) × 100. The inputs are the official series listed under Sources; the result is not published by the source in this form.
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US core PCE inflation
Underlying inflation on the Fed's preferred measure.
- Core PCE
- 3.0%
Data table
| Period | Core PCE | Source value (PCEPILFE) |
|---|---|---|
| Aug 2026 | 3.0% | 130.455 |
| Jul 2026 | 3.0% | 130.133 |
| Jun 2026 | 3.0% | 129.969 |
| May 2026 | 3.2% | 129.796 |
| Apr 2026 | 3.1% | 129.395 |
| Mar 2026 | 3.1% | 129.03 |
| Feb 2026 | 3.0% | 128.701 |
| Jan 2026 | 2.9% | 128.27 |
| Dec 2025 | 2.9% | 127.765 |
| Nov 2025 | 2.7% | 127.363 |
| Oct 2025 | 2.7% | 127.165 |
| Sep 2025 | 2.8% | 126.94 |
About this indicator
- What it measures
- The PCE price index excluding food and energy.
- How it is calculated
- Year-over-year change calculated from the PCE price index excluding food and energy: (index this month ÷ index twelve months earlier − 1) × 100.
- How to read it
- This is the inflation rate Federal Reserve officials watch most closely to judge whether inflation is settling at 2%.
- Caveats
- Revised with each monthly release and in annual national-accounts updates.
- Frequency
- Monthly
- Typical release
- Monthly, near the end of the following month with the Personal Income and Outlays report.
Sources
- PCE Excluding Food and Energy (Chain-Type Price Index) View at the source (opens in a new tab)
Recent observations
Newest first. For a calculated figure, the source value it comes from is shown beside it.
| Period | Core PCE | Source value (PCEPILFE) | First recorded here |
|---|---|---|---|
| Aug 2026 | 3.0% | 130.455 | 20 Oct 2026 |
| Jul 2026 | 3.0% | 130.133 | 20 Oct 2026 |
| Jun 2026 | 3.0% | 129.969 | 20 Oct 2026 |
| May 2026 | 3.2% | 129.796 | 20 Oct 2026 |
| Apr 2026 | 3.1% | 129.395 | 20 Oct 2026 |
| Mar 2026 | 3.1% | 129.03 | 20 Oct 2026 |
| Feb 2026 | 3.0% | 128.701 | 20 Oct 2026 |
| Jan 2026 | 2.9% | 128.27 | 20 Oct 2026 |
| Dec 2025 | 2.9% | 127.765 | 20 Oct 2026 |
| Nov 2025 | 2.7% | 127.363 | 20 Oct 2026 |
| Oct 2025 | 2.7% | 127.165 | 20 Oct 2026 |
| Sep 2025 | 2.8% | 126.94 | 20 Oct 2026 |
| Aug 2025 | 2.9% | 126.646 | 20 Oct 2026 |
| Jul 2025 | 2.8% | 126.363 | 20 Oct 2026 |
| Jun 2025 | 2.8% | 126.133 | 20 Oct 2026 |
| May 2025 | 2.8% | 125.818 | 20 Oct 2026 |
| Apr 2025 | 2.7% | 125.524 | 20 Oct 2026 |
| Mar 2025 | 2.6% | 125.144 | 20 Oct 2026 |
| Feb 2025 | 2.8% | 125.002 | 20 Oct 2026 |
| Jan 2025 | 2.8% | 124.609 | 20 Oct 2026 |
| Dec 2024 | 2.9% | 124.198 | 20 Oct 2026 |
| Nov 2024 | 2.9% | 123.989 | 20 Oct 2026 |
| Oct 2024 | 2.9% | 123.816 | 20 Oct 2026 |
| Sep 2024 | 2.8% | 123.462 | 20 Oct 2026 |
Revisions
We record a revision when a value we already hold changes at the source. Tracking began on 20 Oct 2026, so revisions made before then are not shown, and figures are in the source's own units.
No revisions detected
No stored value has changed since tracking began.
Related indicators
United States · Inflation and purchasing power