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United States Personal Consumption Expenditures (PCE) Price Index Monthly Change

Price

0.3 %
Change +/-
+0 %
Percentage Change
+0 %

The current value of the Personal Consumption Expenditures (PCE) Price Index Monthly Change in United States is 0.3 %. The Personal Consumption Expenditures (PCE) Price Index Monthly Change in United States decreased to 0.3 % on 3/1/2024, after it was 0.3 % on 2/1/2024. From 2/1/1959 to 5/1/2024, the average GDP in United States was 0.27 %. The all-time high was reached on 1/1/2022 with 3.4 %, while the lowest value was recorded on 2/1/2021 with -2.3 %.

Source: U.S. Bureau of Economic Analysis

Personal Consumption Expenditures (PCE) Price Index Monthly Change

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PCE Price Index Monthly Change

Personal Consumption Expenditures (PCE) Price Index Monthly Change History

DateValue
3/1/20240.3 %
2/1/20240.3 %
1/1/20240.4 %
12/1/20230.1 %
9/1/20230.4 %
8/1/20230.4 %
7/1/20230.1 %
6/1/20230.2 %
5/1/20230.1 %
4/1/20230.3 %
1
2
3
4
5
...
67

Similar Macro Indicators to Personal Consumption Expenditures (PCE) Price Index Monthly Change

NameCurrentPreviousFrequency
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Consumer Price Index (CPI)
315.664 points315.3 pointsMonthly
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Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
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Core Consumer Prices
321.67 points320.77 pointsMonthly
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Core CPI
2.3 %2.4 %Monthly
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Core Inflation Rate
3.4 %3.6 %Monthly
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Core Inflation Rate MoM
0.3 %0.3 %Monthly
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Core PCE Price Index
122.045 points121.944 pointsMonthly
🇺🇸
Core PCE Price Index Annual Change
2.6 %2.8 %Monthly
🇺🇸
Core PCE Price Index MoM
0.3 %0.2 %Monthly
🇺🇸
Core PCE Prices QoQ
2.2 %2.8 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
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Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
3.1 %2.9 %Monthly
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CPI Transport
269.724 points269.604 pointsMonthly
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Energy Inflation
-4.9 %-6.8 %Monthly
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Export Prices
148.4 points147.2 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.1 %2.3 %Monthly
🇺🇸
GDP Deflator
125.5 points124.94 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
0.3 %-0.4 %Monthly
🇺🇸
Import Prices YoY
1.1 %1.1 %Monthly
🇺🇸
Inflation Expectations
2.9 %3 %Monthly
🇺🇸
Inflation Rate
3.3 %3.4 %Monthly
🇺🇸
Inflation Rate MoM
0.2 %-0.1 %Monthly
🇺🇸
Median-CPI
4.32 %4.48 %Monthly
🇺🇸
Michigan 5-Year Inflation Expectations
3 %3 %Monthly
🇺🇸
Michigan Inflation Expectations
3 %3.3 %Monthly
🇺🇸
PCE Price Index
123.096 points123.106 pointsMonthly
🇺🇸
PCE Price Index annual change
2.1 %2.3 %Monthly
🇺🇸
PCE Prices QoQ
1.5 %2.5 %Quarter
🇺🇸
PPI excluding Food, Energy, and Trade Services
131.634 points131.532 pointsMonthly
🇺🇸
PPI Excluding Food, Energy, and Trade Services MoM
0 %0.4 %Monthly
🇺🇸
PPI excluding Food, Energy, and Trade Services YoY
3.3 %3.2 %Monthly
🇺🇸
Producer Price Change
2.2 %2.3 %Monthly
🇺🇸
Producer Price Inflation MoM
-0.2 %0.5 %Monthly
🇺🇸
Producer prices
143.822 points144.063 pointsMonthly
🇺🇸
Rental inflation
4.9 %4.9 %Monthly
🇺🇸
Seasonally Adjusted Consumer Price Index
313.534 points313.049 pointsMonthly
🇺🇸
Service Inflation
4.9 %5 %Monthly
🇺🇸
Trimmed Mean of the Consumer Price Index
3.42 %3.52 %Monthly

In the United States, the Personal Consumption Expenditure Price Index measures the prices paid for domestic purchases of goods and services. Unlike the Consumer Price Index, which assumes a fixed basket of goods and uses expenditure weights that remain constant over several years, the Personal Consumption Expenditure Price Index employs a chain index methodology. This approach utilizes expenditure data from both the current period and the preceding period, known as the Fisher Price Index.

What is Personal Consumption Expenditures (PCE) Price Index Monthly Change?

The 'PCE Price Index Monthly Change' is a pivotal metric in the realm of macroeconomics, holding substantial significance for economists, policy makers, and financial analysts. Eulerpool, a leading platform in the dissemination of macroeconomic data, recognizes the value and implications of this index for a comprehensive understanding of economic trends and policy formulation. To paint a granular picture, the Personal Consumption Expenditures (PCE) Price Index is a gauge of the average increase in prices for all domestic personal consumption. This index is paramount for a plethora of reasons. It captures clear-cut inflationary trends by reflecting changes in the cost of goods and services purchased by consumers in the United States. More fundamentally, it provides an insight into the variable nature of prices which directly impacts purchasing decisions, consumer behavior, and the overall economic milieu. The PCE Price Index Monthly Change, specifically, delineates the month-over-month rate of change in this index. This means that it’s a measure of how much the price index has risen or fallen compared to the previous month. Akin to its annual counterpart, the monthly examination is crucial as it provides a more real-time snapshot of inflationary pressures, enabling stakeholders to react promptly to economic shifts. For economists, the PCE Price Index Monthly Change is an indispensable tool for several reasons. Firstly, it feeds into the broader analysis of inflation trends which are fundamental to understanding the overall health of the economy. As a trailing indicator, it reflects the dynamics of supply and demand within the economy. For instance, a sustained increase might indicate an overheating economy with demand outstripping supply, necessitating adjustments in fiscal and monetary policies. In the context of policy makers, the Federal Reserve, in particular, leans heavily on the PCE Price Index while setting monetary policies. The monthly change data aids in determining the appropriate stance of monetary policy to foster economic conditions that achieve maximum employment and stable prices. If the PCE Index reveals burgeoning inflation, the Fed might consider raising interest rates to temper economic activity. Conversely, if the index suggests deflationary trends or negligible inflation, it might embark on lowering interest rates or implementing more accommodative monetary measures to spur economic activity. From the vantage point of financial analysts, the monthly PCE data is a treasure trove of indicators that inform investment strategies and forecast future market movements. By analyzing the rate of change, analysts can gauge the current inflation environment, predict imminent shifts in interest rates, and evaluate the potential impact on various asset classes. Stocks, bonds, and other financial instruments are sensitive to inflation trends, and therefore, the PCE data becomes essential for crafting well-rounded investment portfolios and managing risk. Consumers, albeit more indirectly, are also impacted by the PCE Index. The data reflects the cost dynamics of their day-to-day expenditures. Higher inflation rates indicated by the PCE can signal increased costs for goods and services, affecting household budgeting and savings. Understanding these trends allows consumers to make more informed financial decisions, from major purchases to investment strategies. It's critical to understand the methodology behind the PCE Price Index to fully appreciate its monthly changes. The index is derived from the Personal Consumption Expenditures data collected by the Bureau of Economic Analysis (BEA). The methodology involves tracking the prices of a broad range of goods and services, factoring in the changing composition of consumption over time. Unlike the Consumer Price Index (CPI) which is also widely used, the PCE Index accounts for substitution between items, providing a theoretically superior measure of the cost of living. The index is presented in two formats - the headline and the core PCE Price Index. The headline PCE includes all goods and services, capturing the total inflationary impact. However, due to the volatile nature of food and energy prices, the core PCE excludes these categories to provide a clearer picture of the underlying inflation trends. The monthly change in either index is instrumental in timely economic assessment and necessary adjustments in policy and strategy. Analyzing the historical trends of the PCE Price Index Monthly Change offers valuable insights. Patterns observed over prolonged periods can reveal cyclical behaviors, the impact of specific economic policies, and the response of the index to unprecedented events such as financial crises or pandemics. Such analysis is not mere academic exercise; it forms the empirical basis upon which future predictions and policy decisions rest. Eulerpool, being at the forefront of providing comprehensive macroeconomic data, ensures that the PCE Price Index Monthly Change is accessible and presented with rigorous analytical integrity. Our platform’s user-friendly interface allows users to interact with the data, delve into historical trends, and extract actionable insights. By offering detailed visualizations and contextual analysis, Eulerpool aids in demystifying complex economic indicators, enabling users to make informed decisions based on robust data. In conclusion, the 'PCE Price Index Monthly Change' is more than just a statistical measure; it’s a cornerstone of economic analysis that influences policy making, financial markets, and consumer behavior. Eulerpool endeavors to provide accurate, timely, and comprehensive data on this index, recognizing its importance in the interconnected tapestry of macroeconomic indicators. By doing so, we empower our users – from economists to investors, policy makers to consumers – with the knowledge needed to navigate the economic landscape with confidence and foresight.