PCE prices rose 0.4% in December; core PCE 3.0% from a year earlier

The Bureau of Economic Analysis said the PCE price index rose 0.4% in December 2025 and was up 2.9% from a year earlier. The core index, the Federal Reserve's preferred inflation gauge, rose 0.4% on the month and 3.0% on the year.

• PCE price index rose 0.4% in December; 2.9% from a year earlier
• Core PCE price index rose 0.4% in December; 3.0% from a year earlier
• Real consumer spending rose 0.1% in December
• Computed from the seasonally adjusted indexes as published on the release date (ALFRED vintage)