Personal Consumption Expenditures (PCE)
February 2023
Today’s PCE inflation report shows the following disinflationary trends:
Headline PCE:
+0.3% seasonally adjusted in February, following +0.6% in January
+5.0% year-over-year
+4.2% latest 3 months annualized
+4.0% latest 6 months annualized
Core PCE: (excludes food and energy)
+0.3% seasonally adjusted in February, following +0.5% in January
+4.6% year-over-year
+4.9% latest 3 months annualized
+4.5% latest 6 months annualized
Long-Term Chart of Headline and Core PCE Price Index Year over Year Change:
Summary Tables from BEA.gov PCE report:
Percent change from the same month one year ago:
Source: BEA.gov