PCE price index, 12-month
U.S. Bureau of Economic Analysis · monthly · 800 observations
285th highest of 800 months since Jan 1960 (tied with 16 months; BEA monthly data begin Jan 1959).
+0.1 pp vs prior month+0.7 pp vs a year earlier
Source: U.S. Bureau of Economic Analysis. 12-month % change computed from DPCERG index levels
About this series
What it measures
The 12-month change in prices of everything households consume, including spending made on their behalf, such as employer-paid health insurance. BEA builds it from the same spending data used in GDP.
Why it matters
The Federal Reserve states its 2% inflation goal in terms of this index, so it is the inflation measure policymakers refer to most.
Common misreads
PCE inflation usually runs a bit below CPI. The two weight categories differently (PCE gives less weight to housing and more to health care) and PCE accounts for people switching between products; a gap between them is not an error.