United States PCE Price Index Monthly Change

The personal consumption expenditure price index in the US was unchanged in March from February 2025, the least in ten months, and following a 0.4% rise in each of the previous two months, in line with expectations. Prices for goods fell 0.5%, after a 0.2% increase in February and prices for services went up 0.2%, easing from a 0.5% rise. Meanwhile, the core PCE index, which excludes volatile food and energy prices, was also unchanged, compared with forecasts for a 0.1% increase. Separately, food prices rose 0.5% (vs a flat reading) while prices for energy goods and services dropped 2.7% (vs 0.1%). Finally, the annual PCE rate decreased to 2.3%, the lowest in five months, and the annual core PCE inflation also eased to 2.6%.