The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.2% from the previous month in July of 2024, in line with market expectations and consistent with the 0.2% increase in June. In the meantime, core PCE prices rose by 2.6% from the corresponding period of the previous month, below the consensus of 2.7%, and aligning with the backdrop that warrants the start of rate cuts by the Federal Reserve. source: U.S. Bureau of Economic Analysis
Core PCE Price Index MoM in the United States remained unchanged at 0.20 percent in July. Core PCE Price Index MoM in the United States averaged 0.26 percent from 1959 until 2024, reaching an all time high of 1.00 percent in May of 1974 and a record low of -0.60 percent in September of 2001. This page includes a chart with historical data for the United States Core Pce Price Index MoM. United States Core PCE Price Index MoM - data, historical chart, forecasts and calendar of releases - was last updated on September of 2024.
Core PCE Price Index MoM in the United States remained unchanged at 0.20 percent in July. Core PCE Price Index MoM in the United States is expected to be -0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Core PCE Price Index MoM is projected to trend around 0.20 percent in 2025, according to our econometric models.
United States Core PCE Price Index MoM
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 0.20 | 0.20 | 1.00 | -0.60 | 1959 - 2024 | percent | Monthly | 2012=100; SA |
News Stream
US Core PCE Prices Rise as Expected
The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.2% from the previous month in July of 2024, in line with market expectations and consistent with the 0.2% increase in June. In the meantime, core PCE prices rose by 2.6% from the corresponding period of the previous month, below the consensus of 2.7%, and aligning with the backdrop that warrants the start of rate cuts by the Federal Reserve.
2024-08-30
US Core PCE Prices Rise More than Expected
The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, rose by 0.2% from the previous month in June of 2024, above market expectations of a 0.1% increase. It marked an acceleration from the 0.1% increase in the prior month, which was the softest increase since November of 2023. Meanwhile, the headline gauge rose by 0.1%. On an annual basis, core PCE inflation held unchanged from the prior month at 2.6% in June.
2024-07-26
US Core PCE Prices Rise the Least in 6 Months
The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, edged higher by 0.1% from the previous month in May of 2024. It was the softest increase since November of 2023, slowing from 0.3% in the three prior months. Meanwhile, the headline gauge refrained from increasing for the first time this year. On an annual basis, core PCE inflation slowed to 2.6% in May from 2.8% in the previous period.
2024-06-28
