PCE - Federal Reserve Bank of Dallas This update provides an in-depth analysis of the latest Personal Consumption Expenditures (PCE) inflation data. Updates will be posted monthly, following the release of the official PCE data by the Bureau of Economic Analysis. http://www.dallasfed.org/rss/ en-us http://www.dallasfed.org/ Dallas Fed Logo http://www.dallasfed.org/~/media/Images/img/logo_gray http://www.dallasfed.org/rss/ Trimmed Mean PCE Inflation Rate https://www.dallasfed.org:443/research/pce Fri, 28 May 2021 11:00:00 EST The Trimmed Mean PCE inflation rate over the 12 months ending in April was 1.8 percent. According to the BEA, the overall PCE inflation rate was 3.6 percent on a 12-month basis, and the inflation rate for PCE excluding food and energy was 3.1 percent on a 12-month basis. Behind the Numbers: PCE Inflation Update, April 2021 https://www.dallasfed.org:443/research/pce/2021/pce2104 Fri, 28 May 2021 15:25:00 EST The headline, or all-items, PCE price index rose an annualized 7.5 percent in April after increasing an annualized 6.9 percent in March. Behind the Numbers: PCE Inflation Update, March 2021 https://www.dallasfed.org:443/research/pce/2021/pce2103 Fri, 30 Apr 2021 15:16:00 EST The headline, or all-items, PCE price index rose an annualized 6.4 percent in March after rising an annualized 2.9 percent in February. Behind the Numbers: PCE Inflation Update, February 2021 https://www.dallasfed.org:443/research/pce/2021/pce2102 Fri, 26 Mar 2021 14:26:00 EST The headline, or all-items, PCE price index rose an annualized 2.8 percent in February after rising an annualized 4.1 percent in January. Behind the Numbers: PCE Inflation Update, January 2021 https://www.dallasfed.org:443/research/pce/2021/pce2101 Fri, 26 Feb 2021 14:16:00 EST The headline, or all-items, PCE price index rose an annualized 4.2 percent in January after rising an annualized 4.5 percent in December. Behind the Numbers: PCE Inflation Update, December 2020 https://www.dallasfed.org:443/research/pce/2020/pce2012 Fri, 29 Jan 2021 14:56:00 EST The headline, or all-items, PCE price index rose an annualized 5.2 percent in December after being effectively unchanged in November. Behind the Numbers: PCE Inflation Update, November 2020 https://www.dallasfed.org:443/research/pce/2020/pce2011 Wed, 23 Dec 2020 12:44:00 EST The headline, or all-items, PCE price index was effectively unchanged in November, as it was in October. The price index for PCE excluding food and energy was likewise effectively unchanged as the prices of core goods rose while the prices of core services declined by a negligible amount. Behind the Numbers: PCE Inflation Update, October 2020 https://www.dallasfed.org:443/research/pce/2020/pce2010 Wed, 25 Nov 2020 14:37:00 EST The headline, or all-items, PCE price index was unchanged in October after rising an annualized 1.9 percent in September. Behind the Numbers: PCE Inflation Update, September 2020 https://www.dallasfed.org:443/research/pce/2020/pce2009 Mon, 09 Nov 2020 11:00:00 EST The headline, or all-items, PCE price index rose an annualized 2.0 percent in September after rising an annualized 3.9 percent in August. Behind the Numbers: PCE Inflation Update, August 2020 https://www.dallasfed.org:443/research/pce/2020/pce2008 Thu, 01 Oct 2020 17:07:00 EST The headline, or all-items, PCE price index rose an annualized 3.9 percent in August after rising an annualized 4.7 percent in July. Behind the Numbers: PCE Inflation Update, July 2020 https://www.dallasfed.org:443/research/pce/2020/pce2007 Fri, 28 Aug 2020 14:53:00 EST The headline, or all-items, PCE price index rose an annualized 3.9 percent in July after rising an annualized 6.0 percent in June. Behind the Numbers: PCE Inflation Update, June 2020 https://www.dallasfed.org:443/research/pce/2020/pce2006 Fri, 31 Jul 2020 12:57:00 EST The headline, or all-items, PCE price index rose an annualized 4.5 percent in June after rising an annualized 1.4 percent in May. Behind the Numbers: PCE Inflation Update, April 2020 https://www.dallasfed.org:443/research/pce/2020/pce2004 Fri, 26 Jun 2020 12:42:00 EST The headline, or all-items, PCE price index fell an annualized 5.5 percent in April after declining an annualized 2.7 percent in March. Behind the Numbers: PCE Inflation Update, May 2020 https://www.dallasfed.org:443/research/pce/2020/pce2005 Fri, 26 Jun 2020 12:42:00 EST The headline, or all-items, PCE price index rose an annualized 1.2 percent in May after declining an annualized 5.4 percent in April. Behind the Numbers: PCE Inflation Update, March 2020 https://www.dallasfed.org:443/research/pce/2020/pce2003 Fri, 01 May 2020 15:17:00 EST The headline, or all-items, PCE price index fell an annualized 3.2 percent in March after increasing an annualized 1.0 percent in February. Behind the Numbers: PCE Inflation Update, February 2020 https://www.dallasfed.org:443/research/pce/2020/pce2002 Fri, 27 Mar 2020 15:58:00 EST The headline, or all-items, PCE price index rose an annualized 1.1 percent in February after increasing an annualized 1.7 percent in January. Behind the Numbers: PCE Inflation Update, January 2020 https://www.dallasfed.org:443/research/pce/2020/pce2001 Fri, 28 Feb 2020 15:37:00 EST The headline, or all-items, PCE price index rose an annualized 1.2 percent in January after increasing an annualized 3.0 percent in December. Behind the Numbers: PCE Inflation Update, December 2019 https://www.dallasfed.org:443/research/pce/2019/pce1911 Fri, 31 Jan 2020 16:18:00 EST The headline, or all-items, PCE price index rose an annualized 3.2 percent in December after increasing an annualized 1.3 percent in November. Behind the Numbers: PCE Inflation Update, November 2019 https://www.dallasfed.org:443/research/pce/2019/pce1910 Fri, 20 Dec 2019 16:03:00 EST The headline, or all-items, PCE price index rose an annualized 1.9 percent in November after increasing an annualized 2.9 percent in October. Behind the Numbers: PCE Inflation Update, October 2019 https://www.dallasfed.org:443/research/pce/2019/pce1909 Wed, 27 Nov 2019 14:34:00 EST The headline, or all-items, PCE price index rose an annualized 2.3 percent October, following negligible changes in each of the prior two months. Behind the Numbers: PCE Inflation Update, September 2019 https://www.dallasfed.org:443/research/pce/2019/pce1908 Wed, 27 Nov 2019 13:57:00 EST The headline, or all-items, PCE price index was effectively unchanged in September, declining at a negligible 0.1 percent annualized rate, following a similarly slight 0.3 percent annualized increase in August. Behind the Numbers: PCE Inflation Update, August 2019 https://www.dallasfed.org:443/research/pce/2019/pce1907 Fri, 27 Sep 2019 16:38:00 EST The headline, or all-items, PCE price index was close to unchanged in August, rising at a scant 0.4 percent annualized rate, following a 2.9 percent annualized increase in July. Behind the Numbers: PCE Inflation Update, July 2019 https://www.dallasfed.org:443/research/pce/2019/pce1906 Fri, 30 Aug 2019 14:22:00 EST The headline, or all-items, PCE price index rose at a 2.6 percent annualized rate in July following a 1.4 percent annualized increase in June. Behind the Numbers: PCE Inflation Update, June 2019 https://www.dallasfed.org:443/research/pce/2019/pce1905 Fri, 02 Aug 2019 15:00:00 EST The headline, or all-items, PCE price index rose at a 1.5 percent annualized rate in June, similar to its increase in May. Behind the Numbers: PCE Inflation Update, May 2019 https://www.dallasfed.org:443/research/pce/2019/pce1904 Fri, 28 Jun 2019 14:12:00 EST The headline, or all-items, PCE price index rose at a 2.0 percent annualized rate in May following a 3.9 percent annualized increase in April. Behind the Numbers: PCE Inflation Update, April 2019 https://www.dallasfed.org:443/research/pce/2019/pce1903 Fri, 31 May 2019 14:38:00 EST The headline, or all-items, PCE price index rose 3.8 percent at an annualized rate in April following a 2.5 percent annualized increase in March. Behind the Numbers: PCE Inflation Update, March 2019 https://www.dallasfed.org:443/research/pce/2019/pce1902 Fri, 03 May 2019 16:47:00 EST The headline, or all-items, PCE price index rose 2.4 percent at an annualized rate in March following a 1.3 percent annualized increase in February. Behind the Numbers: PCE Inflation Update, January 2019 https://www.dallasfed.org:443/research/pce/2019/pce1901 Fri, 29 Mar 2019 16:47:00 EST The headline, or all-items, PCE price index declined 0.7 percent at an annualized rate in January following a 0.7 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, December 2018 https://www.dallasfed.org:443/research/pce/2018/pce1812 Fri, 01 Mar 2019 16:11:00 EST The headline, or all-items, PCE price index rose 0.7 percent at an annualized rate in December following a 0.6 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, November 2018 https://www.dallasfed.org:443/research/pce/2018/pce1811 Fri, 21 Dec 2018 14:50:00 EST The headline, or all-items, PCE price index rose 0.7 percent at an annualized rate in November, following a 2.4 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, October 2018 https://www.dallasfed.org:443/research/pce/2018/pce1810 Thu, 29 Nov 2018 15:39:00 EST The headline, or all-items, PCE price index rose 2.2 percent at an annualized rate in October, following a 1.5 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, September 2018 https://www.dallasfed.org:443/research/pce/2018/pce1809 Tue, 13 Nov 2018 17:02:00 EST The headline, or all-items, PCE price index rose 1.5 percent at an annualized rate in September, following a 1.3 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, August 2018 https://www.dallasfed.org:443/research/pce/2018/pce1808 Fri, 28 Sep 2018 17:39:00 EST The headline, or all-items, PCE price index rose 1.3 percent at an annualized rate in August, following a 1.6 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, July 2018 https://www.dallasfed.org:443/research/pce/2018/pce1807 Thu, 30 Aug 2018 15:15:00 EST The headline, or all-items, PCE price index rose 1.5 percent at an annualized rate in July, following a 1.4 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, June 2018 https://www.dallasfed.org:443/research/pce/2018/pce1806 Fri, 03 Aug 2018 14:03:00 EST The headline, or all-items, PCE price index rose 1.2 percent at an annualized rate in June, following a 2.4 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, May 2018 https://www.dallasfed.org:443/research/pce/2018/pce1805 Fri, 29 Jun 2018 15:18:00 EST The headline, or all-items, PCE price index rose 2.6 percent at an annualized rate in May, following a 2.9 percent annualized increase a month earlier. Behind the Numbers: PCE Inflation Update, April 2018 https://www.dallasfed.org:443/research/pce/2018/pce1804 Thu, 31 May 2018 15:15:00 EST The headline, or all-items, PCE price index rose 2.7 percent at an annualized rate in April, following a negligible increase a month earlier. Behind the Numbers: PCE Inflation Update, March 2018 https://www.dallasfed.org:443/research/pce/2018/pce1803 Fri, 04 May 2018 14:37:00 EST The headline, or all-items, PCE price index was essentially unchanged in March, weighed down by declines in the prices of energy goods and services, particularly gasoline. Behind the Numbers: PCE Inflation Update, February 2018 https://www.dallasfed.org:443/research/pce/2018/pce1802 Thu, 29 Mar 2018 15:24:00 EST The headline, or all-items, PCE price index rose at a 2.3 percent annualized rate in February. The price index for PCE excluding food and energy rose at a 2.8 percent annualized rate following a 3.5 percent annualized increase in January. Behind the Numbers: PCE Inflation Update, January 2018 https://www.dallasfed.org:443/research/pce/2018/pce1801 Thu, 01 Mar 2018 14:45:00 EST The headline, or all-items, PCE price index rose at a 4.5 percent annualized rate in January. The price index for energy goods and services rose sharply for the month; food prices rose slightly. Behind the Numbers: PCE Inflation Update, December 2017 https://www.dallasfed.org:443/research/pce/2017/pce1712 Fri, 02 Feb 2018 14:12:00 EST The headline, or all-items, PCE price index rose at a 1.3 percent annualized rate in December, as a sharp decline in gasoline prices weighed on the headline index. Behind the Numbers: PCE Inflation Update, November 2017 https://www.dallasfed.org:443/research/pce/2017/pce1711 Fri, 22 Dec 2017 15:04:00 EST The headline, or all-items, PCE price index rose at a 2.8 percent annualized rate in November following a 1.8 percent increase in October. Behind the Numbers: PCE Inflation Update, October 2017 https://www.dallasfed.org:443/research/pce/2017/pce1710 Thu, 30 Nov 2017 14:47:00 EST The headline, or all-items, PCE price index rose at a 1.7 percent annualized rate in October, following a 4.9 percent increase in September. Behind the Numbers: PCE Inflation Update, September 2017 https://www.dallasfed.org:443/research/pce/2017/pce1709 Fri, 03 Nov 2017 14:21:00 EST The headline, or all-items, PCE price index rose at a 4.6 percent annualized rate in September, following a 2.5 percent increase in August. Behind the Numbers: PCE Inflation Update, August 2017 https://www.dallasfed.org:443/research/pce/2017/pce1708 Fri, 29 Sep 2017 14:52:00 EST The headline, or all-items, PCE price index rose at a 2.5 percent annualized rate in August, following a 1.2 percent increase in July. Behind the Numbers: PCE Inflation Update, July 2017 https://www.dallasfed.org:443/research/pce/2017/pce1707 Thu, 31 Aug 2017 14:12:00 EST The headline, or all-items, PCE price index rose at a 1.1 percent annualized rate in July, following a negligible increase in June. Behind the Numbers: PCE Inflation Update, June 2017 https://www.dallasfed.org:443/research/pce/2017/pce1706 Fri, 04 Aug 2017 14:55:00 EST The headline, or all-items, PCE price index was essentially unchanged in June, rising at just a 0.3 percent annualized rate after falling at a 0.4 percent annualized rate in May. Behind the Numbers: PCE Inflation Update, May 2017 https://www.dallasfed.org:443/research/pce/2017/pce1705 Fri, 30 Jun 2017 13:09:00 EST The headline, or all-items, PCE price index fell at a 0.8 percent annualized rate in May after rising at a 2.1 percent annualized rate in April. Behind the Numbers: PCE Inflation Update, April 2017 https://www.dallasfed.org:443/research/pce/2017/pce1704 Tue, 30 May 2017 15:40:00 EST The headline, or all-items, PCE price index rose at a 2.3 percent annualized rate in April after falling at a 2.7 percent annualized rate in March. The price index for PCE excluding food and energy rose at a 1.8 percent. Behind the Numbers: PCE Inflation Update, March 2017 https://www.dallasfed.org:443/research/pce/2017/pce1703 Wed, 03 May 2017 15:23:00 EST The headline, or all-items, PCE price index fell at a 2.7 percent annualized rate in March. The price index for PCE excluding food and energy declined at a 1.6 percent annualized rate. Behind the Numbers: PCE Inflation Update, February 2017 https://www.dallasfed.org:443/research/pce/2017/pce1702 Fri, 31 Mar 2017 15:20:00 EST The headline, or all-items, PCE price index rose at a 1.6 percent annualized rate in February. The price index for PCE excluding food and energy rose at a 2.3 percent annualized rate. Behind the Numbers: PCE Inflation Update, January 2017 https://www.dallasfed.org:443/research/pce/2017/pce1701 Wed, 01 Mar 2017 15:16:00 EST The headline, or all-items, PCE price index rose at a 5.3 percent annualized rate in January. The price index for PCE excluding food and energy rose at a 3.6 percent annualized rate. Behind the Numbers: PCE Inflation Update, December 2016 https://www.dallasfed.org:443/research/pce/2016/pce1612 Mon, 30 Jan 2017 15:03:00 EST The headline, or all-items, PCE price index rose 1.9 percent at an annualized rate in December, driven in part by a 2.9 percent increase in the price index for gasoline and other motor fuel. Behind the Numbers: PCE Inflation Update, November 2016 https://www.dallasfed.org:443/research/pce/2016/pce1611 Thu, 22 Dec 2016 14:35:00 EST The <strong>headline, or all-items, PCE price index</strong> increased at a 3 percent <strong>annualized rate</strong> in October, after rising at a 2.5 percent rate in September. Behind the Numbers: PCE Inflation Update, October 2016 https://www.dallasfed.org:443/research/pce/2016/pce1610 Fri, 02 Dec 2016 10:39:00 EST The <strong>headline, or all-items, PCE price index</strong> increased at a 3 percent <strong>annualized rate</strong> in October, after rising at a 2.5 percent rate in September. Behind the Numbers: PCE Inflation Update, August 2016 https://www.dallasfed.org:443/research/pce/2016/pce1608 Wed, 23 Nov 2016 11:59:00 EST The <strong>headline, or all-items, PCE price index</strong> increased at a 1.7 percent <strong>annualized rate</strong> in August, with price increases for <strong>core goods and services</strong> offset to a small extent by price declines for food and energy. Behind the Numbers: PCE Inflation Update, July 2016 https://www.dallasfed.org:443/research/pce/2016/pce1607 Wed, 23 Nov 2016 12:00:00 EST The <strong>headline, or all-items, PCE price index</strong> was essentially unchanged in July after increasing at a 1.3 percent <strong>annualized rate</strong> in June. Behind the Numbers: PCE Inflation Update, September 2016 https://www.dallasfed.org:443/research/pce/2016/pce1609 Wed, 23 Nov 2016 11:39:00 EST The <strong>headline, or all-items, PCE price index</strong> increased at a 2.6 percent <strong>annualized rate</strong> in September, boosted by a nearly 6 percent increase in the price index for gasoline and other motor fuel. Behind the Numbers: PCE Inflation Update, March 2015 https://www.dallasfed.org:443/research/pce/2015/pce1503 Mon, 17 Oct 2016 14:19:00 EST The headline, or all-items, PCE price index rose at a 2.1 percent annualized rate in March, identical to its rate of increase in February. Behind the Numbers: PCE Inflation Update, October 2015 https://www.dallasfed.org:443/research/pce/2015/pce1510 Mon, 17 Oct 2016 16:59:00 EST The headline, or all-items, PCE price index rose at a 0.8 percent annualized rate in October, after two consecutive monthly declines. Behind the Numbers: PCE Inflation Update, September 2015 https://www.dallasfed.org:443/research/pce/2015/pce1509 Mon, 17 Oct 2016 16:54:00 EST Behind the Numbers: PCE Inflation Update, April 2015 https://www.dallasfed.org:443/research/pce/2015/pce1504 Mon, 17 Oct 2016 14:20:00 EST The headline, or all-items, PCE price index was essentially unchanged in April, rising just 0.3 percent at an annualized rate. Behind the Numbers: PCE Inflation Update, May 2015 https://www.dallasfed.org:443/research/pce/2015/pce1505 Mon, 17 Oct 2016 14:54:00 EST The headline, or all-items, PCE price index rose at a 3.8 percent annualized rate in May. Behind the Numbers: PCE Inflation Update, December 2015 https://www.dallasfed.org:443/research/pce/2015/pce1512 Mon, 17 Oct 2016 17:13:00 EST The headline, or all-items, PCE price index fell at 1.1 percent annualized rate in December. Behind the Numbers: PCE Inflation Update, July 2015 https://www.dallasfed.org:443/research/pce/2015/pce1507 Mon, 17 Oct 2016 15:04:00 EST The headline, or all-items, PCE price index rose at a 1 percent annualized rate in July, following stronger rates of 2.8 percent in June and 3.8 percent in May. Behind the Numbers: PCE Inflation Update, August 2015 https://www.dallasfed.org:443/research/pce/2015/pce1508 Mon, 17 Oct 2016 15:17:00 EST The headline, or all-items, PCE price index was unchanged in August, after rising at a 1 percent annualized rate in July. Behind the Numbers: PCE Inflation Update, February 2016 https://www.dallasfed.org:443/research/pce/2016/pce1602 Mon, 17 Oct 2016 12:23:00 EST The headline, or all-items, PCE price index fell at a 1.3 percent annualized rate in February, pulled down by a sharp decline in gasoline prices. Behind the Numbers: PCE Inflation Update, March 2016 https://www.dallasfed.org:443/research/pce/2016/pce1603 Mon, 17 Oct 2016 12:33:00 EST The headline, or all-items, PCE price index rose at a 0.6 percent annualized rate in March. Behind the Numbers: PCE Inflation Update, June 2016 https://www.dallasfed.org:443/research/pce/2016/pce1606 Mon, 17 Oct 2016 14:08:00 EST The headline, or all-items, PCE price index increased at a 1.2 percent annualized rate in June. Behind the Numbers: PCE Inflation Update, January 2016 https://www.dallasfed.org:443/research/pce/2016/pce1601 Mon, 17 Oct 2016 11:57:00 EST The headline, or all-items, PCE price index rose at a 1.2 percent annualized rate in January, after falling at a 0.8 percent annualized rate in December. Behind the Numbers: PCE Inflation Update, May 2016 https://www.dallasfed.org:443/research/pce/2016/pce1605 Wed, 29 Jun 2016 00:00:00 EST The headline, or all-items, PCE price index increased at a 2 percent annualized rate in May. Behind the Numbers: PCE Inflation Update, April 2016 https://www.dallasfed.org:443/research/pce/2016/pce1604 Tue, 31 May 2016 00:00:00 EST The headline, or all-items, PCE price index rose at a 3.7 percent annualized rate in April. Behind the Numbers: PCE Inflation Update, November 2015 https://www.dallasfed.org:443/research/pce/2015/pce1511 Wed, 23 Dec 2015 00:00:00 EST The headline, or all-items, PCE price index was close to unchanged in November, rising just 0.3 percent at an annualized rate. Behind the Numbers: PCE Inflation Update, June 2015 https://www.dallasfed.org:443/research/pce/2015/pce1506 Fri, 07 Aug 2015 00:00:00 EST The headline, or all-items, PCE price index rose at a 2.8 percent annualized rate in June. Behind the Numbers: PCE Inflation Update, February 2015 https://www.dallasfed.org:443/research/pce/2015/pce1502 Mon, 30 Mar 2015 00:00:00 EST After three consecutive monthly declines, the headline, or all-items, PCE price index rose at a 2.1 percent annualized rate in February. Behind the Numbers: PCE Inflation Update, January 2015 https://www.dallasfed.org:443/research/pce/2015/pce1501 Mon, 02 Mar 2015 00:00:00 EST The headline, or all-items, PCE price index fell at a 5.3 percent annualized rate in January, as gasoline prices recorded their biggest one-month drop since December 2008.