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National Income and Product Accounts (NIPA) Table 2.8.4 · Price index for personal consumption expenditures, monthly

What is the PCE price index?

The PCE price index was 132.257 in the month ended , up 3.6% from a year earlier.

PCE price index, seasonally adjusted, each month

January 1959 to September 2026Seasonally adjusted, as published

PCE price index, seasonally adjusted, each month (January 1959 to September 2026), recessions shaded
PCE price index, seasonally adjusted, each month (September 2016 to September 2026), recessions shaded
PCE price index, seasonally adjusted, each month (September 2024 to September 2026)

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to , to , to , to , to , to .

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .

PCE price index, change from a year earlier, each month (ours)

January 1959 to September 2026Ours, from the published values

PCE price index, change from a year earlier, each month (ours) (January 1959 to September 2026), recessions shaded
PCE price index, change from a year earlier, each month (ours) (September 2016 to September 2026), recessions shaded
PCE price index, change from a year earlier, each month (ours) (September 2024 to September 2026)

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to , to , to , to , to , to , to , to .

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .

Each point is one month of the series as the source publishes it, or a change worked out from those values (ours). The US recessions are shaded. Pointing at the chart shows the month and the value.

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Inspect and compare dates

The newest month beside the one before it and the nearest ones a year, five and ten years earlier. The last ten years are in the table under "The numbers behind the chart".

MeasureLatestThe month beforeA year earlierFive years earlierTen years earlier
Month
PCE price index132.257131.611127.601109.94898.666
Change over a year+3.6%+3.4%+2.8%+4.7%+1.2%

The table scrolls sideways; the first column stays in place.

Observed .

Right now

The PCE price index was 132.257 in September 2026, the highest since our record begins in January 1959.

Over a year it is up 3.6% (ours).

See every month of the last ten years

ChangeOurs

PeriodThenChange
One month131.611 in +0.5%
Three months131.106 in +0.9%
Twelve months127.601 in +3.6%
Five years109.948 in +20.3%
Ten years98.666 in +34.0%

In historyOurs

The PCE price index of 132.257 in was higher than in 812 of the 812 other months since , the same in 0 and lower in 0.

Highest since : 132.257 in . Lowest since : 15.164 in .

AverageOurs

Average since : 61.7488 (ours, a plain mean of the 813 months).

ComparedOurs

Over a year the PCE price index is up 3.6%, which ranks 4 of the 9 rows of the table, where 1 is the largest change.

The table sets the PCE price index beside the PCE price indexes by type of product, by the change over a year in each one's newest month.

See every row of the ranking

Understanding the PCE price index

Where it stands today

The PCE price index was 132.257 in September 2026.

What does the PCE price index measure?

The price index for personal consumption expenditures (PCE) measures the average change in the prices paid for the goods and services that people in the United States consume, including those bought on their behalf, such as health care paid by employers and governments. The Bureau of Economic Analysis (BEA) publishes it each month with personal income and outlays.

Read more

It covers more spending than the consumer price index (CPI) of the Bureau of Labor Statistics and weights prices in another way, so the two rise at different rates. The index is a chain-type index, seasonally adjusted, and set to 100 in BEA's reference year.

What 500metrics adds: the change over one month, three months, a year and five years, the highest and lowest value since the series begins, and its rank among the PCE price indexes by type on the hub page.

The numbers behind the chart

What was the PCE price index in each month?The last ten years, 120 months, newest first; the chart and the file have every month since Jan 1959
PCE price index, seasonally adjusted, by month, newest first (Index, reference year = 100; the change ours)
MonthValueChange over a year
132.257+3.6%
131.611+3.4%
131.187+3.4%
131.106+3.5%
131.241+3.8%
130.672+3.6%
130.105+3.4%
129.293+2.8%
128.845+2.7%
128.455+2.8%
128.045+2.7%
127.790+2.7%
127.601+2.8%
127.229+2.7%
126.906+2.6%
126.730+2.6%
126.408+2.5%
126.163+2.3%
125.869+2.3%
125.770+2.6%
125.423+2.6%
124.984+2.6%
124.666+2.5%
124.482+2.4%
Show 96 more rows
MonthValueChange over a year
124.146+2.3%
123.891+2.4%
123.701+2.6%
123.504+2.6%
123.369+2.7%
123.289+2.8%
123.093+3.0%
122.613+2.8%
122.206+2.7%
121.760+2.9%
121.636+2.9%
121.557+3.1%
121.403+3.5%
120.944+3.4%
120.571+3.4%
120.410+3.3%
120.129+4.1%
119.886+4.5%
119.564+4.5%
119.265+5.2%
118.938+5.6%
118.372+5.6%
118.221+6.1%
117.902+6.5%
117.307+6.7%
116.924+6.7%
116.650+6.9%
116.512+7.2%
115.401+6.8%
114.688+6.6%
114.425+6.9%
113.370+6.5%
112.678+6.2%
112.088+6.0%
111.435+5.9%
110.700+5.3%
109.948+4.7%
109.599+4.5%
109.162+4.4%
108.668+4.2%
108.069+4.0%
107.553+3.6%
107.019+2.6%
106.441+1.8%
106.065+1.5%
105.699+1.3%
105.258+1.2%
105.151+1.2%
105.057+1.3%
104.870+1.2%
104.578+0.9%
104.270+0.8%
103.942+0.5%
103.838+0.5%
104.271+1.2%
104.573+1.7%
104.490+1.8%
104.307+1.6%
104.024+1.4%
103.917+1.3%
103.733+1.3%
103.670+1.4%
103.622+1.5%
103.484+1.4%
103.435+1.5%
103.360+1.6%
103.069+1.5%
102.836+1.4%
102.648+1.4%
102.701+1.9%
102.630+1.9%
102.595+2.1%
102.418+2.0%
102.208+2.2%
102.137+2.3%
102.029+2.3%
101.941+2.3%
101.766+2.0%
101.524+2.0%
101.416+1.8%
101.199+1.8%
100.821+1.8%
100.675+1.8%
100.531+1.7%
100.400+1.8%
100.027+1.6%
99.803+1.5%
99.766+1.5%
99.682+1.6%
99.725+1.8%
99.535+1.9%
99.586+2.2%
99.451+2.0%
99.071+1.7%
98.901+1.4%
98.868+1.4%
How does it compare with the PCE price indexes by type of product?Ranked by the change over a year
PCE price index beside the PCE price indexes by type of product, newest month of each, by the change over a year (ours); equal changes share a rank
SeriesMonthValueChange over a yearRank
Energy165.088+21.3%1
Nondurable goods126.601+4.5%2
Goods120.731+3.9%3
PCE price index132.257+3.6%4
Services137.932+3.5%5
Housing and utilities146.082+3.3%6
Core PCE price index130.902+3.1%7
Durable goods110.405+2.9%8
Food and beverages at home132.145+1.5%9

The table scrolls sideways; the first column stays in place.

What do these figures leave out, and how are they cited?Limits, dates and how to cite

What this number cannot tell you

  • BEA revises each month in the releases that follow and revises past years in its annual updates. This page shows the newest estimate of every month, so an earlier month can differ from the figure first published.
  • The index is shown to three decimals, as BEA publishes it. The changes, the ranks and the highest and lowest values are ours, worked out from the values BEA publishes; BEA's own percent changes are worked out from unrounded values and can differ by 0.1.
  • The changes and the ranks are ours, worked out from the values BEA publishes; a change is in percent.
  • This product uses the Bureau of Economic Analysis (BEA) Data API but is not endorsed or certified by BEA.

Observed . Checked .

How to cite this

U.S. Bureau of Economic Analysis, National Income and Product Accounts, Price index for personal consumption expenditures, monthly, through September 2026. Compiled by 500metrics, "What is the PCE price index?", https://500metrics.com/pce-price-index/headline.

Can the data be downloaded?pce-price-index-headline.csv

Download the full history as CSV: 813 rows, to , 15,583 bytes.

Our text and compilation: CC BY 4.0.

Recession dates from the National Bureau of Economic Research.

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