US PCE Inflation Rate
The Federal Reserve's own preferred inflation gauge.
3.6%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full US economy26 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated automatically from official sources.PCE Inflation Rate
Jan 1971 to Sep 2026
Source: Calculated from FRED series PCEPI · seasonally adjusted (BEA).
US PCE Inflation Rate in context
Worked out from the published series shown above.
In the US, the PCE inflation rate rose by 0.9pp over the year to Sep 2026, from 2.8% in Sep 2025.
Over the past five years it has ranged from 2.3% in Mar 2025 to 7.2% in Jun 2022.
Its average since Jan 1971 is 3.5%, and the latest reading is above that.
How this series is defined
Everything you need to check the figure against the source.
- Source
- BEA via FRED
- Series
- PCEPI
- Frequency
- Monthly
- Unit
- %
- Seasonal adjustment
- Seasonally adjusted
- Latest observation
- Sep 2026
- Revision status
- Latest published estimate, subject to revision
Broader than CPI (covers more of what people actually spend on) and adjusted for substitution as prices change, the Fed's 2% target is set against this measure, not CPI.
Data refreshed 2026-11-06. Figures are the latest published observations and can be revised.
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