United States Pce Price Index
Jan 31, 2023
Time to Release
|61.6 Points||1959-2023||U.S. Bureau of Economic Analysis|
In the United States, the Personal Consumption Expenditure Price Index provides a measure of the prices paid for domestic purchases of goods and services. While the Consumer Price Index assumes a fixed basket of goods and uses expenditure weights that do not change over time for several years, the Personal Consumption Expenditure Price Index uses a chain index and resorts on expenditure data from the current period and the preceding period (known as Fisher Price Index).
The PCE Price Index in the United States rose by 0.1 percent month-over-month in December of 2022, the same as in the previous month. Services prices increased (0.5 percent vs. 0.3 percent) while those for goods declined further (-0.7 percent vs. -0.4 percent). Meantime, food prices went up 0.2 percent, following a 0.3 percent gain in November. Year-on-year, the PCE Price Index rose by 5 percent, the least since September 2021.
United States Pce Price Index History
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