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

Price

2.1 %
Change +/-
-0.2 %
Percentage Change
-9.09 %

The current value of the Personal Consumption Expenditures (PCE) Price Index Annual Change in United States is 2.1 %. The Personal Consumption Expenditures (PCE) Price Index Annual Change in United States decreased to 2.1 % on 9/1/2024, after it was 2.3 % on 8/1/2024. From 1/1/1960 to 10/1/2024, the average GDP in United States was 3.3 %. The all-time high was reached on 3/1/1980 with 11.6 %, while the lowest value was recorded on 7/1/2009 with -1.47 %.

Source: U.S. Bureau of Economic Analysis

Personal Consumption Expenditures (PCE) Price Index Annual Change

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PCE Price Index annual change

Personal Consumption Expenditures (PCE) Price Index Annual Change History

DateValue
9/1/20242.1 %
8/1/20242.3 %
7/1/20242.454 %
6/1/20242.436 %
5/1/20242.567 %
4/1/20242.721 %
3/1/20242.81 %
2/1/20242.59 %
1/1/20242.612 %
12/1/20232.702 %
1
2
3
4
5
...
77

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

NameCurrentPreviousFrequency
🇺🇸
Consumer Price Index (CPI)
315.49 points315.66 pointsMonthly
🇺🇸
Consumer Price Index for Housing and Utilities
335.056 points334.087 pointsMonthly
🇺🇸
Core Consumer Prices
322.66 points321.67 pointsMonthly
🇺🇸
Core CPI
2.4 %2.3 %Monthly
🇺🇸
Core Inflation Rate
3.4 %3.6 %Monthly
🇺🇸
Core Inflation Rate MoM
0.3 %0.3 %Monthly
🇺🇸
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 %0.3 %Monthly
🇺🇸
Core PCE Prices QoQ
2.1 %2.8 %Quarter
🇺🇸
Core Producer Prices
142 points141.94 pointsMonthly
🇺🇸
Core Producer Prices MoM
0 %0.5 %Monthly
🇺🇸
Core Producer Prices YoY
3.4 %3.4 %Monthly
🇺🇸
CPI Transport
268.45 points269.724 pointsMonthly
🇺🇸
Energy Inflation
-3.2 %-4.9 %Monthly
🇺🇸
Export Prices
148.4 points147.2 pointsMonthly
🇺🇸
Export Prices MoM
-0.6 %0.6 %Monthly
🇺🇸
Export Prices YoY
0.6 %-1 %Monthly
🇺🇸
Food Inflation
2.4 %2.1 %Monthly
🇺🇸
GDP Deflator
125.51 points124.94 pointsQuarter
🇺🇸
Import Prices
141.2 points141.8 pointsMonthly
🇺🇸
Import Prices MoM
0.1 %0.1 %Monthly
🇺🇸
Import Prices YoY
1.1 %1.1 %Monthly
🇺🇸
Inflation Expectations
3 %2.9 %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 Monthly Change
0 %0.3 %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
4.7 %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 (PCE) 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 unchanged for several years, the PCE Price Index utilizes a chain index. This approach relies on 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 Annual Change?

The PCE Price Index Annual Change: An Essential Metric for Macroeconomic Analysis At Eulerpool, we pride ourselves on providing critical macroeconomic data, and one indispensable metric that we offer is the PCE Price Index Annual Change. The acronym "PCE" stands for "Personal Consumption Expenditures," and the PCE Price Index is a pivotal gauge used by economists and policymakers to understand inflation dynamics within the economy. This annual change index measures year-over-year alterations in the prices of goods and services that consumers purchase, offering critical insights into inflationary trends and the broader economic landscape. The PCE Price Index differs from other inflation measures in several key ways. One particularly important distinction is its comprehensiveness. Unlike the Consumer Price Index (CPI), which focuses mainly on the out-of-pocket expenditures of urban households, the PCE Price Index also factors in expenditure metrics from rural households, nonprofits, and various third-party payers, such as employer-paid health insurance. Moreover, the PCE assigns different weights to its components than the CPI does, often resulting in more subdued inflation readings. This makes it a more encompassing and, arguably, a more accurate reflection of changes in purchasing costs across a wider demographic range. Given its scope, the PCE Price Index Annual Change serves as a preferred inflation measure by the Federal Reserve when setting monetary policy. By evaluating the year-over-year change, economists can glean how inflation trends are evolving. A rising PCE Price Index suggests increasing inflation, likely prompting the Federal Reserve to consider tightening monetary policy to mitigate overheating in the economy. Conversely, a declining PCE Price Index might signal deflationary pressures, prompting more accommodative monetary policies to stimulate demand. Understanding the PCE Price Index Annual Change is crucial for both policymakers and investors. For policymakers, particularly those at the Federal Reserve, this index provides pivotal insights into the health of the economy. The effectiveness of monetary policy hinges significantly on accurate inflation measurements, impacting decisions about interest rates, bond purchases, and other financial instruments that contain inflationary pressures or bolster economic activity. Investors also closely monitor this metric. Rising inflation can erode real returns on investments, prompting a shift in portfolio strategies, including a greater emphasis on assets that traditionally offer inflation hedges, such as commodities or Treasury Inflation-Protected Securities (TIPS). Businesses also draw valuable insights from the PCE Price Index Annual Change. For corporations, understanding inflation trends is vital for pricing strategies, wage negotiations, and long-term planning. A clear grasp of inflationary trends ensures that pricing policies are neither overly aggressive nor too conservative, thereby maintaining competitive positioning without eroding profit margins. Labor markets are similarly affected; anticipated changes in inflation might drive wage negotiations, impacting labor costs and, consequently, overall business profitability. The macroeconomic significance of this metric extends to debt markets, too. Inflation can devalue future cash flows, impacting bond prices and yields. Consequently, rising inflation typically leads to higher interest rates as bond issuers adjust to offset anticipated declines in currency value. This aspect makes monitoring the PCE Price Index Annual Change critical for bond investors and debt-issuing entities alike. Households are another beneficiary of PCE Price Index insights. While not all individuals routinely delve into macroeconomic data, the trickle-down effects of inflation are tangible in everyday life—ranging from grocery bills to mortgage payments. Awareness of this inflation index can help consumers make more informed decisions. For example, rising inflation might prompt consumers to favor fixed-rate loans over variable-rate alternatives, thereby securing more predictable financial commitments amid economic uncertainty. The calculation methodology of the PCE Price Index also deserves attention. The Bureau of Economic Analysis (BEA) is responsible for compiling this index, leveraging current data from a myriad of surveys, including the Census Bureau's Retail Sales survey and the Bureau of Labor Statistics' Consumer Expenditure Survey. The comprehensive data set includes not just prices of goods and services but also purchased volumes, ensuring a refined reflection of consumer behavior and expenditure patterns. Additionally, the PCE Price Index employs a chain-weighting method, updating the basket of goods and services to reflect current consumption trends. This methodology contrasts with the fixed-basket approach of the CPI, eliminating biases that might otherwise result from outdated consumption patterns. The granular detail and adaptive methodology employed by the BEA ensure the PCE Price Index remains an agile and pertinent measure of inflation. In recent times, the relevance of monitoring the PCE Price Index Annual Change has only magnified as economies worldwide grapple with unprecedented factors influencing inflation. From supply chain disruptions prompted by the COVID-19 pandemic to global geopolitical tensions, numerous externalities are driving significant price swings. An analysis of the PCE Price Index can help delineate the impact of these various components, enabling more precise contextual understanding of prevailing economic conditions. At Eulerpool, we are committed to offering accurate and timely macroeconomic data. As the PCE Price Index Annual Change remains a cornerstone of economic analysis, we ensure this information is accessible and comprehensible to all our users. Whether you are an economist, policy maker, investor, business leader, or a keen observer of economic trends, the value of understanding the PCE Price Index Annual Change cannot be overstated. In conclusion, the PCE Price Index Annual Change serves as a vital barometer for inflation, influencing a myriad of economic decisions and actions. Through its comprehensive scope, nuanced weighting, and adaptive methodology, it provides an accurate reflection of inflationary trends, guiding policymakers, investors, businesses, and households alike. At Eulerpool, we ensure you have access to this essential data, empowering you to navigate the complexities of the macroeconomic landscape with informed precision.