Personal Consumption Expenditures Excluding Food and Energy: Chain-type Price Index
PCE prices excluding food and energy (BEA).
3.01%year-on-year2026-08-01 · level 130.46
Index 2017=100, seasonally adjusted → year-on-year
Why it matters
The Fed's preferred gauge of underlying inflation and the figure its projections (SEP) are written in.
Release schedule: Monthly with Personal Income and Outlays, 8:30 am ET (BEA)
Recent readings
| Period | year-on-year | Change |
|---|---|---|
| 2026-08-01 | 3.01% | +0.02 |
| 2026-07-01 | 2.98% | -0.06 |
| 2026-06-01 | 3.04% | -0.12 |
| 2026-05-01 | 3.16% | +0.08 |
| 2026-04-01 | 3.08% | -0.02 |
| 2026-03-01 | 3.11% | +0.15 |
| 2026-02-01 | 2.96% | +0.02 |
| 2026-01-01 | 2.94% | +0.07 |
| 2025-12-01 | 2.87% | +0.15 |
| 2025-11-01 | 2.72% | +0.02 |
| 2025-10-01 | 2.70% | -0.11 |
| 2025-09-01 | 2.82% | — |
Source: FRED, Federal Reserve Bank of St. Louis; original data from the agency named in the description. This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.