US PCE Inflation Rate

The Federal Reserve's own preferred inflation gauge.

3.7%

No change vs Jun 2026

Jul 2026 · Monthly data

Explore the full US economy23 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Updated hourly from official sources.

PCE Inflation Rate

Jan 1971 to Jul 2026

Source: Calculated from FRED series PCEPI · seasonally adjusted (BEA).

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 2026-09-22. Figures are the latest published observations and can be revised.

More US indicators

Latest readings. Open any one for its full history.

GDP & growth
GDP$32.49tnQ2 2026 Real GDP$24.27tnQ2 2026 GDP Growth Rate1.5%Q2 2026 Productivity120.0Q2 2026
Prices
Inflation Rate3.4%Aug 2026 Inflation Rate, Month on Month0.3%Aug 2026 Inflation Rate, Month on Month (Seasonally Adjusted)0.4%Aug 2026 Core Inflation Rate2.5%Aug 2026 Producer Price Inflation5.4%Aug 2026
Labour market
Unemployment Rate4.1%Aug 2026 Employment Rate59.1%Aug 2026 Labour Force Participation Rate61.6%Aug 2026
Interest rates
Interest Rate3.63%Aug 2026
Trade
Balance of Trade−$88.58bnJul 2026 Exports$310.72bnJul 2026 Imports$399.3bnJul 2026 Current Account (% of GDP)−3.6%2025 Foreign Direct Investment (% of GDP)1.3%2025
Public finances
Government Debt (% of GDP)122.6%Q1 2026 Government Net Debt$39.07tnQ1 2026 Federal Budget Balance−$166.8bnAug 2026
Business
Business Confidence100.4Aug 2026

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GDP by Country32 countriesGDP Growth Rate by Country27 countriesInflation Rate by Country32 countriesUnemployment Rate by Country32 countriesInterest Rate by Country12 countries10-Year Government Bond Yield by Country20 countriesGovernment Debt to GDP by Country32 countriesGovernment Budget Balance by Country26 countriesCurrent Account to GDP by Country19 countriesForeign Direct Investment by Country26 countriesBusiness Confidence by Country28 countries
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