Personal Consumption Expenditures Price Index, Excluding Food and Energy

The PCE Price Index Excluding Food and Energy, also known as the core PCE price index, is released as part of the monthly Personal Income and Outlays report. The core index makes it easier to see the underlying inflation trend by excluding two categories – food and energy – where prices tend to swing up and down more dramatically and more often than other prices. The core PCE price index is closely watched by the Federal Reserve as it conducts monetary policy.

Quarterly and annual data are included in the GDP release.

Change From Month One Year Ago
February 2019:
January 2019: 1.8 percent
December 2018: 2.0 percent
Current Release

Release Information

  • Current Release: March 29, 2019
  • Next Release: April 29, 2019

What is the Personal Consumption Expenditures Price Index, Excluding Food and Energy?

A measure of prices that people living in the United States, or those buying on their behalf, pay for goods and services. It's sometimes called the core PCE price index, because two categories that can have price swings – food and energy – are left out to make underlying inflation easier to see.

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