U.S. BEA Monthly Index 2017=100 PCEPI

PCE price index (headline)

YoY

+3.7% ▲

Index 131.7 (prev 131.5)

2026-07-01 as of ・Index 2017=100

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

Recent trend

Period	Value	Change
2026-07-01	131.66	+0.2
2026-06-01	131.45	-0.12
2026-05-01	131.58	+0.63
2026-04-01	130.95	+0.54
2026-03-01	130.4	+0.86
2026-02-01	129.54	+0.52
2026-01-01	129.02	+0.45
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

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)

This article is an independent summary based on the official U.S. data below. Please verify the latest and exact details with the official sources.

FRED (series page)：PCEPI
Source agency：U.S. BEA
FRED last updated：2026-08-26 07:43:48-05

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