The personal consumption expenditure price index in the United States rose 0.6 percent month-over-month in January of 2023, the most in seven months and after an upwardly revised 0.2 percent increase in December. The cost of goods went up 0.6 percent, recovering from a 0.5 percent fall in the previous month while service inflation was steady at 0.6 percent. Food prices went up 0.4 percent, the same as in December and energy prices surged 2 percent, after falling 3.6 percent. Excluding food and energy, the PCE price index advanced 0.6 percent, faster than market expectations of a 0.4 percent rise, suggesting inflation is becoming more entrenched in the economy. The annual rate accelerated to 5.4 percent from an upwardly revised 5.3 percent in December. source: U.S. Bureau of Economic Analysis
PCE Price Index Monthly Change in the United States averaged 0.27 percent from 1959 until 2023, reaching an all time high of 1.20 percent in February of 1974 and a record low of -1.20 percent in November of 2008. This page includes a chart with historical data for the United States PCE Price Index Monthly Change. United States PCE Price Index Monthly Change - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.