Core PCE prices in the US, which exclude food and energy, jumped by 0.6% month-over-month in January of 2023, the most since August, following an upwardly revised 0.4% increase in the previous month and above market estimates of 0.4%. The annual rate, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.7% and surpassed market expectations of 4.3%, backing signals from Fed policymakers that interest rates must be higher for longer to tame unsustainable price growth. Meanwhile, the headline figure rose by 0.6% from the previous month, the most since June and the annual rate accelerated to 5.4% from 5.3%. source: U.S. Bureau of Economic Analysis

Core PCE Price Index MoM in the United States averaged 0.26 percent from 1959 until 2023, reaching an all time high of 1.00 percent in May of 1974 and a record low of -0.60 percent in September of 2001. This page includes a chart with historical data for the United States Core Pce Price Index MoM. United States Core Pce Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

Core PCE Price Index MoM in the United States is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core Pce Price Index MoM is projected to trend around 0.30 percent in 2024 and 0.20 percent in 2025, according to our econometric models.

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United States Core Pce Price Index MoM



Calendar GMT Actual Previous Consensus TEForecast
2023-01-27 01:30 PM Dec 0.3% 0.2% 0.3% 0.1%
2023-02-24 01:30 PM Jan 0.6% 0.4% 0.4% 0.3%
2023-03-31 12:30 PM Feb 0.6% 0.4% 0.6%


Related Last Previous Unit Reference
Core PCE Price Index Annual Change 4.70 4.60 percent Jan 2023
PCE Price Index Annual Change 5.40 5.30 percent Jan 2023
PCE Price Index 125.90 125.12 points Jan 2023
Core PCE Price Index 126.45 125.73 points Jan 2023


News Stream
US Core PCE Inflation Rises More than Expected
Core PCE prices in the US, which exclude food and energy, jumped by 0.6% month-over-month in January of 2023, the most since August, following an upwardly revised 0.4% increase in the previous month and above market estimates of 0.4%. The annual rate, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.7% and surpassed market expectations of 4.3%, backing signals from Fed policymakers that interest rates must be higher for longer to tame unsustainable price growth. Meanwhile, the headline figure rose by 0.6% from the previous month, the most since June and the annual rate accelerated to 5.4% from 5.3%.
2023-02-24
US PCE Inflation Cools in December
Core PCE prices in the US, which exclude food and energy, went up by 0.3% month-over-month in December of 2022, compared to a 0.2% increase in the prior month and in line with market estimates. The annual rate, the Federal Reserve’s preferred gauge of inflation, fell to 4.4% from 4.7% in November, marking the slowest increase in 14 months. Meanwhile, the headline index edged up 0.1% last month, the same as in November. In the 12 months through December, the index increased by 5.0%, the least since September of 2021, and below 5.5% in November.
2023-01-27
US Core PCE Inflation in Line with Forecasts
Core PCE prices in the US, which exclude food and energy, went up by 0.2% month-over-month in November of 2022, following an upwardly revised 0.3% increase in the prior month, matching market estimates. The annual rate, the Federal Reserve’s preferred gauge of inflation, fell to a four-month low of 4.7% from 5% in the prior month.
2022-12-23