Personal Consumption Expenditures - Price Index (YoY)

Price changes may cause consumers to switch from buying one good to another and the PCE Deflator has the ability to account for such substitutions. This makes it the preferred measure of inflation for the Federal Reserve and it's released by the Commerce Department.

Hide description Full calendar

Next event - Friday 28 February 2025 13:30

2.6%

Forecast

2.5%

Actual

The typical/expected impact on USD pairs is medium.

The consensus forecast for Personal Consumption Expenditures - Price Index (YoY) is 2.5%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Friday 31 January 2025 13:30

2.4%

Revised

Forecast

2.6%

Actual

2.6%

Trading range

Forecast history

The most recent announced value for Personal Consumption Expenditures - Price Index (YoY) was 2.6% against a forecast of 2.6%.

Past events

Date

Forecast

Actual

Friday 31 January 2025 13:30

2.6%

Friday 20 December 2024 13:30

2.5%

2.4%

Wednesday 27 November 2024 15:00

2.3%

Thursday 31 October 2024 12:30

2.1%

Friday 27 September 2024 12:30

2.3%

2.2%

Friday 30 August 2024 12:30

2.6%

2.5%

Friday 26 July 2024 12:30

2.5%

Friday 28 June 2024 12:30

2.6%

Friday 31 May 2024 12:30

2.7%

Friday 26 April 2024 12:30

2.6%

2.7%

Friday 29 March 2024 12:30

2.5%

Thursday 29 February 2024 13:30

2.4%

Friday 26 January 2024 13:30

2.6%

Friday 22 December 2023 13:30

2.8%

2.6%

Thursday 30 November 2023 13:30

Friday 27 October 2023 12:30

3.4%

Friday 29 September 2023 12:30

3.5%

Thursday 31 August 2023 12:30

3.3%

Friday 28 July 2023 12:30

3.1%

Friday 30 June 2023 12:30

4.6%

3.8%

Friday 26 May 2023 12:30

3.9%

4.4%

Friday 28 April 2023 12:30

4.6%

4.2%

Friday 31 March 2023 12:30

5.3%

Friday 24 February 2023 13:30

4.9%

5.4%

Friday 27 January 2023 13:30

Friday 23 December 2022 13:30

5.3%

5.5%

Thursday 1 December 2022 13:30

6.2%

Friday 28 October 2022 12:30

5.8%

6.2%

Friday 30 September 2022 12:30

6.6%

6.2%

Friday 26 August 2022 12:30

7.4%

6.3%

Friday 29 July 2022 12:30

6.7%

6.8%

Thursday 30 June 2022 12:30

6.3%

Friday 27 May 2022 12:30

6.6%

6.3%

Friday 29 April 2022 12:30

6.5%

6.6%

Thursday 31 March 2022 12:30

6.7%

6.4%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Personal Consumption Expenditures - Price Index (YoY) result:

		Previous	Latest
Pending Home Sales (MoM)	Bearish change	-4.1%	-4.6%
Core Personal Consumption Expenditures (QoQ)	Bullish change	2.5%	2.7%
Durable Goods Orders	Bullish change	-1.8%	3.1%
Durable Goods Orders ex Defense	Bullish change	-1.8%	3.5%
Durable Goods Orders ex Transportation	Bearish change	0.1%	0%
Gross Domestic Product Annualized	(no change)	2.3%	2.3%
Gross Domestic Product Price Index	Bullish change	2.2%	2.4%
Initial Jobless Claims	Bearish change	220K	242K
Nondefense Capital Goods Orders ex Aircraft	Bullish change	0.4%	0.8%
Personal Consumption Expenditures Prices (QoQ)	Bullish change	2.3%	2.4%
New Home Sales Change (MoM)	Bearish change	8.1%	-10.5%
Housing Price Index (MoM)	(no change)	0.4%	0.4%
Existing Home Sales Change (MoM)	Bearish change	2.9%	-4.9%
Michigan Consumer Sentiment Index	Bearish change	67.8	64.7
UoM 5-year Consumer Inflation Expectation	Bullish change	3.3%	3.5%
S&P Global Composite PMI	Bearish change	52.7	50.4
S&P Global Manufacturing PMI	Bullish change	51.2	51.6
S&P Global Services PMI	Bearish change	52.9	49.7
Initial Jobless Claims	Bearish change	214K	219K
Philadelphia Fed Manufacturing Survey	Bearish change	44.3	18.1
Building Permits (MoM)	Bullish change	1.482M	1.483M
Housing Starts (MoM)	Bearish change	1.515M	1.366M
NY Empire State Manufacturing Index	Bullish change	-12.6	5.7
Industrial Production (MoM)	Bearish change	1%	0.5%
Retail Sales (MoM)	Bearish change	0.7%	-0.9%
Retail Sales Control Group	Bearish change	0.8%	-0.8%
Retail Sales ex Autos (MoM)	Bearish change	0.7%	-0.4%

About Personal Consumption Expenditures - Price Index (YoY)

Country:	United States
Currency:	USD
Source:	US Bureau of Economic Analysis
Category:	Inflation
Frequency:	Monthly

Related events

	Australia		Monthly Consumer Price Index (YoY)
	Australia		Consumer Price Index (QoQ)
	Australia		RBA Trimmed Mean CPI (QoQ)
	Australia		RBA Trimmed Mean CPI (YoY)
	Canada		BoC Consumer Price Index Core (YoY)
	Canada		Consumer Price Index (YoY)
	Switzerland		Consumer Price Index (YoY)
	China		Consumer Price Index (YoY)
	Germany		Consumer Price Index (YoY)
	Germany		Harmonized Index of Consumer Prices (YoY)
	Germany		Consumer Price Index (MoM)
	Japan		Tokyo Consumer Price Index (YoY)
	Japan		Tokyo CPI ex Food, Energy (YoY)
	New Zealand		RBNZ Inflation Expectations (QoQ)
	New Zealand		Consumer Price Index (QoQ)
	New Zealand		Consumer Price Index (YoY)
	United Kingdom		Core Consumer Price Index (YoY)
	United Kingdom		Consumer Price Index (YoY)
	United Kingdom		Consumer Price Index (MoM)
	United States		Consumer Price Index ex Food & Energy (MoM)
	United States		Core Personal Consumption Expenditures - Price Index (MoM)
	United States		Consumer Price Index (YoY)
	United States		Consumer Price Index ex Food & Energy (YoY)
	United States		Producer Price Index ex Food & Energy (YoY)
	United States		Consumer Price Index (MoM)
	United States		Core Personal Consumption Expenditures - Price Index (YoY)
	Australia		TD Securities Inflation (YoY)
	Australia		Consumer Price Index (YoY)
	Australia		Consumer Inflation Expectations
	Australia		Producer Price Index (YoY)
	Canada		BoC Consumer Price Index Core (MoM)
	Canada		Consumer Price Index (MoM)
	Switzerland		Consumer Price Index (MoM)
	China		Consumer Price Index (MoM)
	China		Producer Price Index (YoY)
	Germany		Harmonized Index of Consumer Prices (MoM)
	Germany		Producer Price Index (YoY)
	Germany		Producer Price Index (MoM)
	Eurozone		Core Harmonized Index of Consumer Prices (MoM)
	Eurozone		Producer Price Index (MoM)
	Eurozone		Harmonized Index of Consumer Prices (MoM)
	Eurozone		Core Harmonized Index of Consumer Prices (YoY)
	Eurozone		Producer Price Index (YoY)
	Spain		Harmonized Index of Consumer Prices (YoY)
	France		Consumer Price Index (EU norm) (YoY)
	Italy		Consumer Price Index (YoY)
	Italy		Consumer Price Index (EU Norm) (YoY)
	Japan		National CPI ex-Fresh Food (YoY)
	Japan		National CPI ex Food, Energy (YoY)
	Japan		National Consumer Price Index (YoY)
	Japan		Tokyo CPI ex Fresh Food (YoY)
	Mexico		Headline Inflation
	New Zealand		Producer Price Index - Output (QoQ)
	Turkey		Consumer Price Index (YoY)
	United Kingdom		Producer Price Index - Output (MoM) n.s.a
	United Kingdom		Retail Price Index (MoM)
	United Kingdom		Retail Price Index (YoY)
	United Kingdom		PPI Core Output (YoY) n.s.a
	United Kingdom		Producer Price Index - Output (YoY) n.s.a
	United Kingdom		PPI Core Output (MoM) n.s.a
	United Kingdom		Consumer Inflation Expectations
	United States		Producer Price Index (YoY)
	United States		Housing Price Index (MoM)
	United States		ISM Manufacturing Prices Paid
	United States		ISM Services Prices Paid
	United States		Personal Consumption Expenditures - Price Index (MoM)
	United States		Producer Price Index (MoM)
	United States		Producer Price Index ex Food & Energy (MoM)

Calendar - Personal Consumption Expenditures - Price Index (YoY) - United States

Personal Consumption Expenditures - Price Index (YoY)

Next event - Friday 28 February 2025 13:30

Most recent - Friday 31 January 2025 13:30

Trading range

Trading range after each Personal Consumption Expenditures - Price Index (YoY) event

Forecast history

Past events

Economic context

About Personal Consumption Expenditures - Price Index (YoY)

Related events