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Personal Consumption Expenditures Price Index, Excluding Food and Energy

Published Jun 25, 2026 8:30 AM
Change From Month One Year Ago
May 2026 +3.4%
April 2026 +3.3%
March 2026 +3.3%
February 2026 +3.0%
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.