When Is the Next PCE Report?
The BEA’s Personal Consumption Expenditures price index tracks prices across all household consumption, with a broader scope than CPI and weights that update as spending patterns shift. Core PCE, excluding food and energy, is the Federal Reserve’s preferred measure of underlying inflation.
By Joey van Diest, founder and editorUpdated
Next PCE release
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PCE is normally published near the end of the month at 8:30 am ET, alongside personal income and spending.
Last release
- Actual
- -
- Forecast
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- Prior
- -
Unit: % YoY. Ten years of history.
What this release moves
PCE is the inflation measure the Fed actually targets at 2%, so in principle it outranks CPI. In practice it moves markets less, because it lands weeks after CPI and PPI, whose components let economists forecast it tightly. The exceptions are when core PCE surprises against those nowcasts, or when a Fed decision is imminent, then the print can reprice the curve directly.
Frequently asked questions
- Why does the Fed prefer PCE over CPI?
- Broader coverage (including spending made on households’ behalf, like employer-paid healthcare), weights that adapt to substitution between goods, and methodology the Fed judges a better fit for its 2% target. PCE inflation typically runs a few tenths below CPI.
- Is PCE predictable from CPI and PPI?
- Largely, yes: most PCE components map from already-published CPI and PPI data, so consensus nowcasts are usually tight. That predictability is exactly why surprises, when they happen, carry weight.
Method and limitations
Chart series: PCEPI (PCE price index, seasonally adjusted) transformed to year-over-year percent change: YoY = (PCE_t ÷ PCE_t−12 − 1) × 100.
The countdown reads the same feed as our economic calendar and converts the scheduled time to your timezone; when the feed window does not yet include the next date, the typical schedule is shown instead of a guess. History values are official published figures and can differ from initial prints where agencies revise data.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
Data sources
- FRED / U.S. government: PCEPI — refreshed four times daily via our server cache
- Release timing from the Economicium economic calendar — countdown reflects the calendar feed; times shown in your local timezone
For general information and education only. This is not financial advice and not a recommendation to buy or sell anything. Trading and investing carry risk, including the risk of losing more than your initial outlay. Always verify figures against your broker or the original source before acting on them.
Spotted an error? Email[email protected]and it will be corrected. Maintained byJoey van Diest.