Personal Consumption Expenditures (PCE)
What is PCE? Personal Consumption Expenditures is the Federal Reserve's preferred inflation gauge, tracking consumer spending and accounting for substitution effects.
Personal Consumption Expenditures (PCE) is the Federal Reserve's preferred measure of inflation. It tracks consumer spending and accounts for substitution effects.
Unlike CPI, PCE uses a broader base of goods and services and adjusts when consumers switch to cheaper alternatives. The Fed targets 2% Core PCE inflation.
When is the next PCE?
Released monthlyJul 30, 2026 12:30 UTC
in 18 days
The next PCE Price Index release is on Thursday, July 30, 2026, at 8:30 AM ET. It is published by the US Bureau of Economic Analysis once a month, usually in the last week. As the Fed’s preferred inflation measure, PCE carries extra weight for rate expectations and the dollar.
Recent PCE Price Index releases
The last several readings of the Federal Reserve’s preferred inflation gauge. A hotter PCE print keeps the Fed leaning toward higher rates, which is generally supportive of the US dollar.