US PCE measures how fast consumer prices are rising year-on-year and is the Federal Reserve's preferred inflation gauge for its 2% target.
Actual
2.1%
Forecast
2.2%
Previous
2.3%
Source: U.S. Bureau of Economic Analysis. Figures as released; revisions appear in the next print.
US PCE Price Index for April 2025 came in at 2.1% versus 2.2% expected (previous 2.3%), below forecast, which was negative for the USD.
What it meant for the US Dollar
The actual landed below the 2.2% forecast (0.1 below expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was negative for the USD.
New to this release? See what US PCE Price Index measures, the next release and its full history.