U.S. BEA Monthly Index 2017=100 PCEPI

PCE price index (headline)

YoY
+3.4% ▲
Index 131.6 (prev 131.2)
2026-08-01 as of ・Index 2017=100
Next scheduled release:Thu, Oct 29, 2026(Personal Income and Outlays)

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.

Trend

96.31061151251342026-08-01:1321322016-10-012020-01-012023-04-012026-08-01

Year by year

Shows the year-over-year change (%) from 2017-10 to 2026-08, grouped by calendar year.

Latest+3.4%2026-08-01
Period high+7.2%Jun 2022
Period low+0.5%Apr 2020
YearAverageYear-endHighLow
2026 (months 1–8) +3.3% +3.4% +3.8% +2.7%
2025 +2.6% +2.8% +2.8% +2.3%
2024 +2.6% +2.6% +3.0% +2.3%
2023 +3.9% +2.9% +5.6% +2.9%
2022 +6.6% +5.6% +7.2% +5.6%
2021 +4.0% +6.0% +6.0% +1.5%
2020 +1.1% +1.3% +1.8% +0.5%
2019 +1.4% +1.6% +1.6% +1.3%
2018 +2.0% +1.9% +2.3% +1.8%
2017 (months 10–12) +1.7% +1.8% +1.8% +1.7%

Recent trend

PeriodValueChange
2026-08-01 131.58 +0.41
2026-07-01 131.17 +0.07
2026-06-01 131.11 -0.14
2026-05-01 131.24 +0.57
2026-04-01 130.67 +0.57
2026-03-01 130.11 +0.81
2026-02-01 129.29 +0.45
2026-01-01 128.85 +0.39
2025-12-01 128.46 +0.41
2025-11-01 128.05 +0.25
2025-10-01 127.79 +0.19
2025-09-01 127.6 +0.37

FAQ

PCE price index (headline): what is the latest reading?
As of Aug 2026, it is +3.4% (year over year). Since Oct 2017, the high was +7.2% (Jun 2022) and the low was +0.5% (Apr 2020). The next release is scheduled for Thu, Oct 29, 2026.
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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