MarketXLS

Core PCE Price Index 130.66 for 

Core PCE Price Index came in at 130.66 (Index 2017=100) for Jul 2026, up 0.25% from 130.34 the prior month and 3.34% above its level of 126.43 one year ago. The series has averaged 61.73 since 1959, reaching a record high of 130.66 in July 2026 and a record low of 15.5 in January 1959.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Core PCE Price Index," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/core-pce

Historical Data

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July 1, 2026130.66
June 1, 2026130.34
May 1, 2026130.15
April 1, 2026129.68
March 1, 2026129.34
February 1, 2026128.96
January 1, 2026128.46
December 1, 2025127.89
November 1, 2025127.47
October 1, 2025127.24
September 1, 2025126.95
August 1, 2025126.71
July 1, 2025126.43
June 1, 2025126.12
May 1, 2025125.79
April 1, 2025125.5
March 1, 2025125.27
February 1, 2025125.15
January 1, 2025124.59
December 1, 2024124.2
⋮
⋮
October 1, 199264.98
September 1, 199264.73
August 1, 199264.63
July 1, 199264.57
June 1, 199264.32
May 1, 199264.27
April 1, 199264.18
March 1, 199263.97
February 1, 199263.81
January 1, 199263.64
December 1, 199163.47
November 1, 199163.31
October 1, 199163.19
September 1, 199163.06
August 1, 199162.8
July 1, 199162.63
June 1, 199162.44
May 1, 199162.31
April 1, 199162.06
March 1, 199161.94

About Core PCE Price Index

What it measures

The Core PCE Price Index (FRED series PCEPILFE) is the Personal Consumption Expenditures Price Index excluding food and energy, published monthly by the Bureau of Economic Analysis. Like the headline version it is chain-weighted and covers the full range of household consumption, but removing the volatile food and energy categories isolates the underlying trend. The series is presented as an index level with a 2012 base year.

Why it matters

When Federal Reserve officials discuss underlying inflation, core PCE is usually the number they mean, and the quarterly Summary of Economic Projections forecasts it explicitly. Markets therefore treat the monthly core PCE reading as the definitive scorecard on progress toward the inflation target. Portfolio managers use it to calibrate duration positioning, and its trajectory heavily influences pricing of rate cuts and hikes in futures markets.

How to read it

Focus on the annualized run rate over three and six months as well as the year-over-year change; short windows reveal turning points sooner but are noisier. Sustained monthly prints near 0.2 percent are consistent with the 2 percent goal. Analysts often further decompose the series into core goods, housing, and non-housing services, since the last category tracks labor-cost pressure most closely.

Get Core PCE Price Index in Excel

Pull Core PCE Price Index directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=ChainPriceIndexWithoutFoodEnergy()

View the Chain Price Index - excluding food & energy formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Core PCE Price Index?

Core PCE Price Index is 130.66 (Index 2017=100) as of July 2026.

What is the all-time high and low of Core PCE Price Index?

The highest value on record is 130.66 (July 2026) and the lowest is 15.5 (January 1959).

How often is Core PCE Price Index updated?

Core PCE Price Index is published on a monthly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Core PCE Price Index in Excel?

Use the MarketXLS Excel formula =ChainPriceIndexWithoutFoodEnergy() to pull Core PCE Price Index directly into any cell, with historical values available for analysis.

Basic info
Chain-weighted CPI is an alternative measurement for the Consumer Price Index (CPI) that considers product substitutions made by consumers and other changes in their spending habits. The chain-weighted CPI is therefore considered to be a more ac
RegionUnited States
FrequencyMonthly
Last updatedAugust 26, 2026
Seasonal adjustmentSeasonally Adjusted
UnitIndex 2017=100

Stats
Last Value130.66
Latest PeriodJul 2026
Last UpdatedAugust 26 2026, 07:43
Value Previous Month130.34
Change From Previous Month0.25%
Value 1 Year Ago126.43
Change From Year Ago3.34%
Average Growth Rate3.21%/yr
Record High (Jul 2026)130.66
Record Low (Jan 1959)15.5
Long-Term Average61.73
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitIndex 2017=100

Annual Averages
2026129.65
2025126.26
2024122.8
2023119.29
2022114.51
2021108.7
2020104.98
2019103.57
2018101.9
2017100
201698.43
201596.87

Related Indicators
Consumer Price Index (CPI)
Core CPI (Less Food & Energy)
CPI: Food
CPI: Energy
PCE Price Index
GDP Deflator (Implicit Price Deflator)
Producer Price Index (Final Demand)
PPI: Finished Goods
PPI: Processed Goods for Intermediate Demand
PPI: Unprocessed Goods for Intermediate Demand
Core PPI (Less Food & Energy)
PPI: Finished Goods Less Food & Energy
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