The US core PCE price index, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.7% annually in April of 2023, accelerating from 4.6% in the previous month. The result overshot market expectations of 4.6%, raising bets that the Federal Reserve will commit to its hawkish stance and leave rates elevated for a prolonged period. source: U.S. Bureau of Economic Analysis

Core PCE Price Index Annual Change in the United States averaged 3.24 percent from 1960 until 2023, reaching an all time high of 10.22 percent in February of 1975 and a record low of 0.63 percent in July of 2009. This page includes a chart with historical data for the United States Core Pce Price Index Annual Change. United States Core PCE Price Index Annual Change - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Core PCE Price Index Annual Change in the United States is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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United States Core PCE Price Index Annual Change



Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 12:30 PM Mar 4.6% 4.7% 4.5% 4.6%
2023-05-26 12:30 PM Apr 4.7% 4.6% 4.6% 4.5%
2023-06-30 12:30 PM May 4.7%


Related Last Previous Unit Reference
PCE Price Index Annual Change 4.40 4.20 percent Apr 2023
Core PCE Price Index 127.76 127.28 points Apr 2023
PCE Price Index 126.86 126.40 points Apr 2023

United States Core PCE Price Index Annual Change
In the United States, the Core Personal Consumption Expenditure Price Index provides a measure of the prices paid by people for domestic purchases of goods and services, excluding the prices of food and energy. The core PCE is the Fed's preferred inflation measure. The central bank has a 2 percent target.
Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.60 10.22 0.63 1960 - 2023 percent Monthly
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News Stream
US Core PCE Inflation Tops Forecast
The US core PCE price index, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.7% annually in April of 2023, accelerating from 4.6% in the previous month. The result overshot market expectations of 4.6%, raising bets that the Federal Reserve will commit to its hawkish stance and leave rates elevated for a prolonged period.
2023-05-26
US Core PCE Inflation Surpasses Expectations
The US core PCE price index, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.6% annually in March of 2023, easing from the 4.7% in the previous month and matching the 13-month low from December 2022. The result overshot market expectations of 4.5%, raising bets that the Federal Reserve will commit to its hawkish stance and leave rates elevated for a prolonged period.
2023-04-28
Core PCE Price Inflation Unexpectedly Eases
The US core PCE price index, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.6% annually in February of 2023, the least in 15 months, and slowing from the 4.7% in the previous month. The result compares to market expectations of 4.7%, raising hopes that price growth is easing and that the Federal Reserve could limit the extent of remaining rate hikes in its tightening campaign.
2023-03-31