PCEPIPersonal Consumption Expenditures: Chain-type Price Index — Current Value & Historical Data
Gray bands: NBER recessions·Dashed lines: key policy events
What is Personal Consumption Expenditures: Chain-type Price Index?
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 Personal Consumption Expenditures: Chain-type Price Index Value
As of April 1, 2026, the current personal consumption expenditures: chain-type price index is 130.90 Index 2017=100. This is the most recent observation available for this series, updated monthly.
Historical Trend
Personal Consumption Expenditures: Chain-type Price Index rose 0.40% month-over-month. Over the past year, personal consumption expenditures: chain-type price index rose 3.94% from March 2025. In the series' tracked history, the highest recorded value was 130.90 (April 2026), and the lowest was 15.16 (January 1959).
Methodology & Source
Source: Bureau of Economic Analysis
Frequency: Monthly
Units: Index 2017=100
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...