PCEPIPCE Price Index (PCEPI) — Current Value & Historical Data
PCE Price Index (PCEPI) Chart & Data Table
Gray bands: NBER recessions·Dashed lines: key policy events
What is PCE Price Index (PCEPI)?
The Personal Consumption Expenditures (PCE) price index measures price change for all goods and services bought by U.S. households, published monthly by the Bureau of Economic Analysis as part of the Personal Income and Outlays release. PCE covers a broader basket than CPI — including purchases made on households' behalf by employers (health insurance) and by federal and state programs (Medicare, Medicaid) — and uses a chain-weighted formula that allows the basket to rotate as consumers substitute toward cheaper alternatives. As a result, PCE typically runs 0.25 to 0.5 percentage points below CPI. The Federal Reserve formally adopted a 2% inflation target defined in terms of PCE in January 2012, making this index — not CPI — the official monetary-policy inflation gauge.
Current PCE Price Index (PCEPI) Value
As of May 1, 2026, the current personal consumption expenditures: chain-type price index is 131.53 Index 2017=100. This is the most recent observation available for this series, updated monthly.
PCE Price Index Historical Trend
Personal Consumption Expenditures: Chain-type Price Index rose 0.45% month-over-month. Over the past year, personal consumption expenditures: chain-type price index rose 4.26% from April 2025. In the series' tracked history, the highest recorded value was 131.53 (May 2026), and the lowest was 15.16 (January 1959).
Methodology & Source
Source
Bureau of Economic Analysis
Frequency
Monthly
Units
Index 2017=100
Notes
BEA Account Code: DPCERG The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wi...
Frequently Asked Questions About PCE Price Index (PCEPI)
What is the current personal consumption expenditures: chain-type price index?
As of May 1, 2026, personal consumption expenditures: chain-type price index stands at 131.53 Index 2017=100.
Where does personal consumption expenditures: chain-type price index data come from?
Personal Consumption Expenditures: Chain-type Price Index data is sourced from the Federal Reserve Economic Data (FRED) system and related U.S. government agencies. Data quality and historical coverage vary by series.
How often is personal consumption expenditures: chain-type price index updated?
This series is updated according to its publication schedule. Check FRED or the source agency for the most current release calendar.
What is the historical high and low for personal consumption expenditures: chain-type price index?
In the available data, the highest value was 131.53 Index 2017=100 in May 2026, and the lowest was 15.16 Index 2017=100 in January 1959.
How has personal consumption expenditures: chain-type price index changed over the past year?
Over the past year, personal consumption expenditures: chain-type price index increased 4.26%.
See PCE Price Index in context
PCEPI is tracked on the Inflation dashboard, alongside related indicators and historical context.
View the Inflation dashboard →Related government-spending dashboards
How PCE Price Index connects to the federal budget across GOVSPENDING.ORG:
Federal Debt
Total public debt, debt held by the public, and intragovernmental holdings.
Receipts vs Outlays
Federal revenue, spending, and the resulting surplus or deficit over time.
Congressional Activity
Recent legislation, appropriations, and fiscal-related bills in Congress.
Interest Expense vs Revenue
How rising debt service costs crowd out federal spending as a share of receipts over time.
Revenue Composition
Federal receipts broken down by source — individual income, corporate, social insurance, excise taxes, and customs duties as shares of total revenue.
Agency Spending (FY 2019 vs FY 2024)
Net outlays by federal agency for FY 2019 and FY 2024, from the Treasury Monthly Treasury Statement. Both nominal and inflation-adjusted comparisons.
Related Indicators
Compare PCE Price Index with related indicators
See how PCE Price Index stacks up against related series in a side-by-side chart and explainer: