U.S. BEA Monthly PCEPI

PCE price index (headline)

YoY
+3.8%
Index 130.9 (prev 130.4)
2026-04-01 as of

The total personal consumption expenditures (PCE) price index, including food and energy. The headline counterpart to core PCE, the inflation-gauge family the Fed prefers.

Key points

  • Total PCE price index (includes food and energy)
  • Headline counterpart to the Fed's preferred core PCE
  • Broader than CPI; tends to run a bit lower
  • Watch the YoY change

How to read it

Read on a YoY basis. The Fed's 2% target is defined on core PCE, but headline PCE includes food and energy and is closer to actual living costs. Broader than CPI and tends to run a bit lower.

Recent trend

PeriodValueChange
2026-04-01 130.9 +0.52
2026-03-01 130.38 +0.86
2026-02-01 129.52 +0.52
2026-01-01 129 +0.43
2025-12-01 128.58 +0.42
2025-11-01 128.15 +0.28
2025-10-01 127.87 +0.25
2025-09-01 127.63 +0.33
2025-08-01 127.29 +0.33
2025-07-01 126.96 +0.22
2025-06-01 126.74 +0.36
2025-05-01 126.38 +0.23

FAQ

How does it differ from core PCE?
Headline PCE includes food and energy; core PCE excludes them. The Fed targets core PCE, but headline is closer to actual living costs.

Sources (primary)

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