Core PCE prices in the US which exclude food and energy increased 0.3% mom in July of 2021, following an upwardly revised 0.5% rise in June and in line with forecasts. The annual rate was steady at 3.6%, and also matching expectations. It is the 2nd consecutive month that core PCE inflation shows signs of cooling. Fed officials have been reiterating such price pressures are transitory because of fiscal stimulus, supply constraints, and rising commodity prices. There is also a low base effect from last year weighing as the coronavirus pandemic dented economic activity and lowered prices. source: U.S. Bureau of Economic Analysis
Core Pce Price Index in the United States averaged 61.46 points from 1959 until 2021, reaching an all time high of 117.72 points in July of 2021 and a record low of 16.73 points in January of 1959. This page provides - United States Core Pce Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Core Personal Consumption Expenditure Price Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Core Pce Price Index in the United States is expected to be 118.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Personal Consumption Expenditure Price Index is projected to trend around 132.00 points in 2022 and 140.00 points in 2023, according to our econometric models.