PCEPILFECore PCE Price Index (PCEPILFE) — Current Value & Historical Data
Core PCE Price Index (PCEPILFE) Chart & Data Table
Gray bands: NBER recessions·Dashed lines: key policy events
What is Core PCE Price Index (PCEPILFE)?
Core PCE is the Personal Consumption Expenditures price index excluding food and energy, published monthly by the Bureau of Economic Analysis. It is the single most important inflation measure in U.S. monetary policy: the Federal Reserve's 2% inflation target is defined specifically in terms of core PCE, and every FOMC statement is framed around whether this measure is moving toward or away from that target. Every monthly release is scrutinized for whether 3-month, 6-month, and 12-month trends are accelerating or cooling. Core PCE peaked at 5.6% year-over-year in February 2022 during the post-COVID inflation episode, the highest reading since the early 1980s, and subsequently cooled toward 2% as supply-chain pressure eased and Fed tightening restrained demand. Single-month prints regularly move federal funds futures and Treasury yields by tens of basis points.
Current Core PCE Price Index (PCEPILFE) Value
As of May 1, 2026, the current personal consumption expenditures excluding food and energy (chain-type price index) is 130.08 Index 2017=100. This is the most recent observation available for this series, updated monthly.
Core PCE Price Index Historical Trend
Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) rose 0.32% month-over-month. Over the past year, personal consumption expenditures excluding food and energy (chain-type price index) rose 3.65% from April 2025. In the series' tracked history, the highest recorded value was 130.08 (May 2026), and the lowest was 15.50 (January 1959).
Methodology & Source
Source
Federal Reserve Economic Data (FRED)
Frequency
Monthly
Units
Index 2017=100
Notes
BEA Account Code: DPCCRG 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 Core PCE Price Index (PCEPILFE)
What is the current personal consumption expenditures excluding food and energy (chain-type price index)?
As of May 1, 2026, personal consumption expenditures excluding food and energy (chain-type price index) stands at 130.08 Index 2017=100.
Where does personal consumption expenditures excluding food and energy (chain-type price index) data come from?
Personal Consumption Expenditures Excluding Food and Energy (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 excluding food and energy (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 excluding food and energy (chain-type price index)?
In the available data, the highest value was 130.08 Index 2017=100 in May 2026, and the lowest was 15.50 Index 2017=100 in January 1959.
How has personal consumption expenditures excluding food and energy (chain-type price index) changed over the past year?
Over the past year, personal consumption expenditures excluding food and energy (chain-type price index) increased 3.65%.
See Core PCE Price Index in context
PCEPILFE is tracked on the Inflation dashboard, alongside related indicators and historical context.
View the Inflation dashboard →Related government-spending dashboards
How Core 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.
Compare Core PCE Price Index with related indicators
See how Core PCE Price Index stacks up against related series in a side-by-side chart and explainer: