MarketXLS

PCE Price Index

131.39 for Jun 2026

PCE Price Index came in at 131.39 (Index 2017=100) for Jun 2026, down 0.11% from 131.54 the prior month and 3.67% above its level of 126.74 one year ago. The series has averaged 61.49 since 1959, reaching a record high of 131.54 in May 2026 and a record low of 15.16 in January 1959.

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

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

Historical Data

Observation dateValue
June 1, 2026131.39
May 1, 2026131.54
April 1, 2026130.93
March 1, 2026130.4
February 1, 2026129.54
January 1, 2026129.02
December 1, 2025128.58
November 1, 2025128.15
October 1, 2025127.87
September 1, 2025127.63
August 1, 2025127.29
July 1, 2025126.96
June 1, 2025126.74
May 1, 2025126.38
April 1, 2025126.15
March 1, 2025125.94
February 1, 2025125.92
January 1, 2025125.42
December 1, 2024124.98
November 1, 2024124.64
October 1, 2024124.49
September 1, 2024124.16
August 1, 2024123.89
July 1, 2024123.74
June 1, 2024123.54
May 1, 2024123.35
April 1, 2024123.34
March 1, 2024123.04
February 1, 2024122.6
January 1, 2024122.23
December 1, 2023121.66
November 1, 2023121.49
October 1, 2023121.48
September 1, 2023121.42
August 1, 2023120.97
July 1, 2023120.61
June 1, 2023120.47
May 1, 2023120.15
April 1, 2023119.95
March 1, 2023119.54
February 1, 2023119.37
January 1, 2023119.02
December 1, 2022118.38
November 1, 2022118.22
October 1, 2022117.92
September 1, 2022117.37
August 1, 2022116.96
July 1, 2022116.63
June 1, 2022116.64
May 1, 2022115.53
April 1, 2022114.81
March 1, 2022114.47
February 1, 2022113.47
January 1, 2022112.81
December 1, 2021112.19
November 1, 2021111.5
October 1, 2021110.76
September 1, 2021110.03
August 1, 2021109.67
July 1, 2021109.26
June 1, 2021108.76
May 1, 2021108.18
April 1, 2021107.62
March 1, 2021107.05
February 1, 2021106.5
January 1, 2021106.15
December 1, 2020105.7
November 1, 2020105.26
October 1, 2020105.15
September 1, 2020105.06
August 1, 2020104.87
July 1, 2020104.58
June 1, 2020104.27
May 1, 2020103.94
April 1, 2020103.84
March 1, 2020104.27
February 1, 2020104.57
January 1, 2020104.49
December 1, 2019104.31
November 1, 2019104.02
October 1, 2019103.92
September 1, 2019103.73
August 1, 2019103.67
July 1, 2019103.62
June 1, 2019103.48
May 1, 2019103.44
April 1, 2019103.36
March 1, 2019103.07
February 1, 2019102.84
January 1, 2019102.65
December 1, 2018102.7
November 1, 2018102.63
October 1, 2018102.6
September 1, 2018102.42
August 1, 2018102.21
July 1, 2018102.14
June 1, 2018102.03
May 1, 2018101.94
April 1, 2018101.77
March 1, 2018101.52
February 1, 2018101.42
January 1, 2018101.2
December 1, 2017100.82
November 1, 2017100.68
October 1, 2017100.53
September 1, 2017100.4
August 1, 2017100.03
July 1, 201799.8
June 1, 201799.77
May 1, 201799.68
April 1, 201799.73
March 1, 201799.54
February 1, 201799.59
January 1, 201799.45
December 1, 201699.07
November 1, 201698.9
October 1, 201698.87
September 1, 201698.67
August 1, 201698.48
July 1, 201698.34
June 1, 201698.33
May 1, 201698.15
April 1, 201697.99
March 1, 201697.67
February 1, 201697.45
January 1, 201697.5
December 1, 201597.46
November 1, 201597.54
October 1, 201597.48
September 1, 201597.48
August 1, 201597.61
July 1, 201597.61
June 1, 201597.52
May 1, 201597.33
April 1, 201597.09
March 1, 201597.01
February 1, 201596.83
January 1, 201596.65
December 1, 201497.12
November 1, 201497.29
October 1, 201497.38
September 1, 201497.41
August 1, 201497.38
July 1, 201497.39
June 1, 201497.25
May 1, 201497.15
April 1, 201496.99
March 1, 201496.82
February 1, 201496.66
January 1, 201496.61
December 1, 201396.41
November 1, 201396.25
October 1, 201396.1
September 1, 201395.98
August 1, 201395.93
July 1, 201395.79
June 1, 201395.67
May 1, 201395.46
April 1, 201395.39
March 1, 201395.49
February 1, 201395.61
January 1, 201395.28
December 1, 201295.09
November 1, 201295.11
October 1, 201295.17
September 1, 201294.89
August 1, 201294.61
July 1, 201294.29
June 1, 201294.25
May 1, 201294.3
April 1, 201294.41
March 1, 201294.28
February 1, 201294.1
January 1, 201293.89
December 1, 201193.57
November 1, 201193.52
October 1, 201193.33
September 1, 201193.33
August 1, 201193.2
July 1, 201192.98
June 1, 201192.82
May 1, 201192.84
April 1, 201192.56
March 1, 201192.17
February 1, 201191.8
January 1, 201191.54
December 1, 201091.27
November 1, 201091.06
October 1, 201090.88
September 1, 201090.59
August 1, 201090.5
July 1, 201090.38
June 1, 201090.3
May 1, 201090.34
April 1, 201090.31
March 1, 201090.26
February 1, 201090.13
January 1, 201090.14
December 1, 200989.94
November 1, 200989.89
October 1, 200989.66
September 1, 200989.32
August 1, 200989.18
July 1, 200988.92
June 1, 200988.91
May 1, 200988.39
April 1, 200988.3
March 1, 200988.17
February 1, 200988.27
January 1, 200988.11
December 1, 200888.1
November 1, 200888.59
October 1, 200889.65
September 1, 200890.25
August 1, 200890.17
July 1, 200890.25
June 1, 200889.83
May 1, 200889.18
April 1, 200888.8
March 1, 200888.64
February 1, 200888.38
January 1, 200888.21
December 1, 200787.98
November 1, 200787.78
October 1, 200787.32
September 1, 200787.05
August 1, 200786.72
July 1, 200786.66
June 1, 200786.53
May 1, 200786.35
April 1, 200786.1
March 1, 200785.89
February 1, 200785.58
January 1, 200785.32
December 1, 200685.03
November 1, 200684.73
October 1, 200684.7
September 1, 200684.9
August 1, 200685.13
July 1, 200684.86
June 1, 200684.57
May 1, 200684.36
April 1, 200684.14
March 1, 200683.75
February 1, 200683.58
January 1, 200683.53
December 1, 200583.13
November 1, 200583.13
October 1, 200583.31
September 1, 200583.17
August 1, 200582.38
July 1, 200582.05
June 1, 200581.7
May 1, 200581.65
April 1, 200581.6
March 1, 200581.38
February 1, 200581.13
January 1, 200580.91
December 1, 200480.8
November 1, 200480.76
October 1, 200480.45
September 1, 200480.1
August 1, 200479.95
July 1, 200479.91
June 1, 200479.83
May 1, 200479.6
April 1, 200479.35
March 1, 200479.2
February 1, 200479.08
January 1, 200478.91
December 1, 200378.61
November 1, 200378.43
October 1, 200378.33
September 1, 200378.32
August 1, 200378.08
July 1, 200377.82
June 1, 200377.59
May 1, 200377.5
April 1, 200377.59
March 1, 200377.73
February 1, 200377.53
January 1, 200377.2
December 1, 200276.97
November 1, 200276.9
October 1, 200276.82
September 1, 200276.68
August 1, 200276.54
July 1, 200276.39
June 1, 200276.23
May 1, 200276.13
April 1, 200276.08
March 1, 200275.76
February 1, 200275.56
January 1, 200275.43
December 1, 200175.36
November 1, 200175.44
October 1, 200175.49
September 1, 200175.23
August 1, 200175.48
July 1, 200175.49
June 1, 200175.52
May 1, 200175.39
April 1, 200175.19
March 1, 200175.06
February 1, 200175.05
January 1, 200174.93
December 1, 200074.57
November 1, 200074.46
October 1, 200074.35
September 1, 200074.25
August 1, 200073.93
July 1, 200073.94
June 1, 200073.75
May 1, 200073.51
April 1, 200073.44
March 1, 200073.51
February 1, 200073.19
January 1, 200072.96
December 1, 199972.76
November 1, 199972.59
October 1, 199972.53
September 1, 199972.41
August 1, 199972.15
July 1, 199972.02
June 1, 199971.83
May 1, 199971.8
April 1, 199971.76
March 1, 199971.41
February 1, 199971.36
January 1, 199971.4
December 1, 199871.3
November 1, 199871.23
October 1, 199871.22
September 1, 199871.07
August 1, 199871.11
July 1, 199871.01
June 1, 199870.84
May 1, 199870.9
April 1, 199870.8
March 1, 199870.71
February 1, 199870.7
January 1, 199870.74
December 1, 199770.7
November 1, 199770.72
October 1, 199770.71
September 1, 199770.62
August 1, 199770.45
July 1, 199770.39
June 1, 199770.35
May 1, 199770.26
April 1, 199770.29
March 1, 199770.23
February 1, 199770.15
January 1, 199770.01
December 1, 199669.91
November 1, 199669.83
October 1, 199669.71
September 1, 199669.5
August 1, 199669.3
July 1, 199669.24
June 1, 199669.09
May 1, 199669.09
April 1, 199668.97
March 1, 199668.77
February 1, 199668.56
January 1, 199668.45
December 1, 199568.3
November 1, 199568.17
October 1, 199568.17
September 1, 199568
August 1, 199567.95
July 1, 199567.8
June 1, 199567.72
May 1, 199567.65
April 1, 199567.55
March 1, 199567.37
February 1, 199567.25
January 1, 199567.13
December 1, 199466.99
November 1, 199466.95
October 1, 199466.82
September 1, 199466.71
August 1, 199466.63
July 1, 199466.48
June 1, 199466.27
May 1, 199466.11
April 1, 199466.02
March 1, 199465.94
February 1, 199465.76
January 1, 199465.6
December 1, 199365.58
November 1, 199365.57
October 1, 199365.44
September 1, 199365.24
August 1, 199365.17
July 1, 199365.06
June 1, 199364.96
May 1, 199364.93
April 1, 199364.73
March 1, 199364.56
February 1, 199364.43
January 1, 199364.33
December 1, 199264.18
November 1, 199264.06
October 1, 199263.94
September 1, 199263.71
August 1, 199263.61
July 1, 199263.52
June 1, 199263.32
May 1, 199263.2
April 1, 199263.12
March 1, 199262.95
February 1, 199262.8
January 1, 199262.64
December 1, 199162.55
November 1, 199162.4
October 1, 199162.26
September 1, 199162.14
August 1, 199161.93
July 1, 199161.79
June 1, 199161.69
May 1, 199161.59
April 1, 199161.33
March 1, 199161.22
February 1, 199161.21
January 1, 199161.18
December 1, 199060.95
November 1, 199060.89
October 1, 199060.81
September 1, 199060.47
August 1, 199060.1
July 1, 199059.7
June 1, 199059.55
May 1, 199059.29
April 1, 199059.16
March 1, 199059.03
February 1, 199058.81
January 1, 199058.55
December 1, 198958.11
November 1, 198957.95
October 1, 198957.82
September 1, 198957.59
August 1, 198957.47
July 1, 198957.46
June 1, 198957.32
May 1, 198957.2
April 1, 198956.99
March 1, 198956.61
February 1, 198956.4
January 1, 198956.22
December 1, 198855.93
November 1, 198855.75
October 1, 198855.63
September 1, 198855.44
August 1, 198855.18
July 1, 198855.01
June 1, 198854.75
May 1, 198854.51
April 1, 198854.36
March 1, 198854.09
February 1, 198853.91
January 1, 198853.83
December 1, 198753.62
November 1, 198753.52
October 1, 198753.42
September 1, 198753.25
August 1, 198753.07
July 1, 198752.86
June 1, 198752.74
May 1, 198752.54
April 1, 198752.41
March 1, 198752.21
February 1, 198752.08
January 1, 198751.89
December 1, 198651.65
November 1, 198651.58
October 1, 198651.49
September 1, 198651.4
August 1, 198651.23
July 1, 198651.16
June 1, 198651.15
May 1, 198650.96
April 1, 198650.87
March 1, 198650.97
February 1, 198651.08
January 1, 198651.08
December 1, 198550.85
November 1, 198550.68
October 1, 198550.53
September 1, 198550.45
August 1, 198550.36
July 1, 198550.2
June 1, 198550.08
May 1, 198549.94
April 1, 198549.82
March 1, 198549.75
February 1, 198549.56
January 1, 198549.33
December 1, 198449.08
November 1, 198448.94
October 1, 198448.87
September 1, 198448.76
August 1, 198448.69
July 1, 198448.54
June 1, 198448.37
May 1, 198448.29
April 1, 198448.22
March 1, 198448.04
February 1, 198447.88
January 1, 198447.56
December 1, 198347.36
November 1, 198347.33
October 1, 198347.27
September 1, 198347.19
August 1, 198347.02
July 1, 198346.82
June 1, 198346.56
May 1, 198346.38
April 1, 198346.25
March 1, 198346.04
February 1, 198345.98
January 1, 198345.91
December 1, 198245.69
November 1, 198245.62
October 1, 198245.49
September 1, 198245.23
August 1, 198245.11
July 1, 198244.97
June 1, 198244.7
May 1, 198244.38
April 1, 198244.12
March 1, 198244.1
February 1, 198243.99
January 1, 198243.85
December 1, 198143.59
November 1, 198143.46
October 1, 198143.23
September 1, 198143.03
August 1, 198142.77
July 1, 198142.51
June 1, 198142.25
May 1, 198142.09
April 1, 198141.9
March 1, 198141.72
February 1, 198141.43
January 1, 198141.01
December 1, 198040.62
November 1, 198040.36
October 1, 198040.03
September 1, 198039.72
August 1, 198039.35
July 1, 198039.03
June 1, 198038.73
May 1, 198038.48
April 1, 198038.19
March 1, 198037.99
February 1, 198037.53
January 1, 198037.12
December 1, 197936.74
November 1, 197936.43
October 1, 197936.18
September 1, 197935.89
August 1, 197935.58
July 1, 197935.31
June 1, 197935.04
May 1, 197934.75
April 1, 197934.4
March 1, 197934.04
February 1, 197933.78
January 1, 197933.6
December 1, 197833.35
November 1, 197833.19
October 1, 197833
September 1, 197832.74
August 1, 197832.56
July 1, 197832.39
June 1, 197832.22
May 1, 197832.01
April 1, 197831.78
March 1, 197831.54
February 1, 197831.34
January 1, 197831.19
December 1, 197731.01
November 1, 197730.86
October 1, 197730.69
September 1, 197730.54
August 1, 197730.43
July 1, 197730.29
June 1, 197730.13
May 1, 197729.96
April 1, 197729.81
March 1, 197729.64
February 1, 197729.49
January 1, 197729.26
December 1, 197629.09
November 1, 197628.93
October 1, 197628.8
September 1, 197628.65
August 1, 197628.49
July 1, 197628.34
June 1, 197628.19
May 1, 197628.07
April 1, 197627.94
March 1, 197627.87
February 1, 197627.83
January 1, 197627.8
December 1, 197527.69
November 1, 197527.54
October 1, 197527.36
September 1, 197527.2
August 1, 197527.07
July 1, 197526.95
June 1, 197526.72
May 1, 197526.56
April 1, 197526.45
March 1, 197526.36
February 1, 197526.27
January 1, 197526.13
December 1, 197425.97
November 1, 197425.77
October 1, 197425.58
September 1, 197425.39
August 1, 197425.13
July 1, 197424.87
June 1, 197424.69
May 1, 197424.48
April 1, 197424.24
March 1, 197424.07
February 1, 197423.8
January 1, 197423.52
December 1, 197323.3
November 1, 197323.11
October 1, 197322.92
September 1, 197322.79
August 1, 197322.7
July 1, 197322.44
June 1, 197322.36
May 1, 197322.24
April 1, 197322.13
March 1, 197321.96
February 1, 197321.81
January 1, 197321.7
December 1, 197221.63
November 1, 197221.56
October 1, 197221.5
September 1, 197221.47
August 1, 197221.38
July 1, 197221.32
June 1, 197221.24
May 1, 197221.21
April 1, 197221.16
March 1, 197221.13
February 1, 197221.1
January 1, 197221.02
December 1, 197120.93
November 1, 197120.85
October 1, 197120.8
September 1, 197120.77
August 1, 197120.74
July 1, 197120.68
June 1, 197120.62
May 1, 197120.53
April 1, 197120.44
March 1, 197120.36
February 1, 197120.3
January 1, 197120.24
December 1, 197020.19
November 1, 197020.11
October 1, 197020.03
September 1, 197019.93
August 1, 197019.84
July 1, 197019.79
June 1, 197019.71
May 1, 197019.66
April 1, 197019.6
March 1, 197019.5
February 1, 197019.45
January 1, 197019.38
December 1, 196919.31
November 1, 196919.22
October 1, 196919.14
September 1, 196919.07
August 1, 196918.99
July 1, 196918.94
June 1, 196918.86
May 1, 196918.77
April 1, 196918.69
March 1, 196918.61
February 1, 196918.52
January 1, 196918.48
December 1, 196818.4
November 1, 196818.37
October 1, 196818.3
September 1, 196818.22
August 1, 196818.16
July 1, 196818.09
June 1, 196818.03
May 1, 196817.97
April 1, 196817.91
March 1, 196817.85
February 1, 196817.79
January 1, 196817.72
December 1, 196717.64
November 1, 196717.61
October 1, 196717.55
September 1, 196717.51
August 1, 196717.45
July 1, 196717.4
June 1, 196717.34
May 1, 196717.28
April 1, 196717.25
March 1, 196717.22
February 1, 196717.21
January 1, 196717.19
December 1, 196617.19
November 1, 196617.16
October 1, 196617.13
September 1, 196617.09
August 1, 196617.03
July 1, 196616.97
June 1, 196616.93
May 1, 196616.89
April 1, 196616.87
March 1, 196616.81
February 1, 196616.77
January 1, 196616.7
December 1, 196516.68
November 1, 196516.62
October 1, 196516.6
September 1, 196516.59
August 1, 196516.58
July 1, 196516.58
June 1, 196516.57
May 1, 196516.52
April 1, 196516.48
March 1, 196516.46
February 1, 196516.43
January 1, 196516.43
December 1, 196416.41
November 1, 196416.39
October 1, 196416.36
September 1, 196416.35
August 1, 196416.33
July 1, 196416.32
June 1, 196416.29
May 1, 196416.27
April 1, 196416.27
March 1, 196416.26
February 1, 196416.25
January 1, 196416.22
December 1, 196316.19
November 1, 196316.17
October 1, 196316.14
September 1, 196316.11
August 1, 196316.12
July 1, 196316.09
June 1, 196316.06
May 1, 196316.03
April 1, 196316
March 1, 196316
February 1, 196316.01
January 1, 196316
December 1, 196215.96
November 1, 196215.96
October 1, 196215.95
September 1, 196215.97
August 1, 196215.89
July 1, 196215.87
June 1, 196215.88
May 1, 196215.87
April 1, 196215.86
March 1, 196215.84
February 1, 196215.82
January 1, 196215.78
December 1, 196115.75
November 1, 196115.74
October 1, 196115.74
September 1, 196115.74
August 1, 196115.72
July 1, 196115.71
June 1, 196115.68
May 1, 196115.67
April 1, 196115.66
March 1, 196115.67
February 1, 196115.68
January 1, 196115.67
December 1, 196015.66
November 1, 196015.66
October 1, 196015.61
September 1, 196015.59
August 1, 196015.58
July 1, 196015.55
June 1, 196015.53
May 1, 196015.52
April 1, 196015.5
March 1, 196015.45
February 1, 196015.44
January 1, 196015.42
December 1, 195915.43
November 1, 195915.41
October 1, 195915.4
September 1, 195915.37
August 1, 195915.33
July 1, 195915.3
June 1, 195915.27
May 1, 195915.23
April 1, 195915.22
March 1, 195915.19
February 1, 195915.18
January 1, 195915.16

About PCE Price Index

What it measures

The Personal Consumption Expenditures Price Index (FRED series PCEPI) measures prices across everything US households consume, including spending made on their behalf such as employer-paid health insurance. The Bureau of Economic Analysis publishes it monthly using a chain-weighted formula that updates expenditure weights continuously. It is shown here as an index level, and it is the inflation gauge the Federal Reserve formally targets.

Why it matters

The Federal Open Market Committee defines its 2 percent inflation objective in terms of the annual change in this index, making it the single most policy-relevant price measure in the United States. Its chain weighting captures substitution when consumers shift toward cheaper alternatives, and its broader scope covers items CPI misses. Rate strategists and economists translate every PCE release directly into implications for the federal funds path.

How to read it

Convert the index into year-over-year and annualized monthly percent changes and compare them to the 2 percent target. PCE inflation typically runs a few tenths below CPI inflation because of weighting and scope differences, so the two should not be compared level-to-level. Much of the monthly move is predictable from CPI and PPI source data released earlier, so genuine surprises are relatively rare.

Get PCE Price Index in Excel

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

=ChainPriceIndex()

View the Chain Price Index formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current PCE Price Index?

PCE Price Index is 131.39 (Index 2017=100) as of June 2026.

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

The highest value on record is 131.54 (May 2026) and the lowest is 15.16 (January 1959).

How often is PCE Price Index updated?

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

How do I get PCE Price Index in Excel?

Use the MarketXLS Excel formula =ChainPriceIndex() to pull 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 updatedJuly 30, 2026
Seasonal adjustmentSeasonally Adjusted
UnitIndex 2017=100

Stats
Last Value131.39
Latest PeriodJun 2026
Last UpdatedJuly 30 2026, 12:01
Value Previous Month131.54
Change From Previous Month-0.11%
Value 1 Year Ago126.74
Change From Year Ago3.67%
Average Growth Rate3.25%/yr
Record High (May 2026)131.54
Record Low (Jan 1959)15.16
Long-Term Average61.49
FrequencyMonthly
AdjustmentSeasonally Adjusted
UnitIndex 2017=100

Annual Averages
2026130.47
2025126.92
2024123.67
2023120.51
2022116.1
2021108.97
2020104.67
2019103.51
2018102.05
2017100
201698.28
201597.3

Related Indicators
Consumer Price Index (CPI)
Core CPI (Less Food & Energy)
CPI: Food
CPI: Energy
Core 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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