Personal Consumption Expenditures Prices (QoQ)

Personal Consumption Expenditures, released by US Department of Commerce, measures price changes in consumer goods and services. Personal consumption expenditures consist of the actual and imputed expenditures of households; the measure includes data pertaining to durables, non-durables and services. It is essentially a measure of goods and services targeted toward individuals and consumed by individuals.

Most recent - Thursday 25 June 2026 12:30

Previous
4.5%
Revised
-
Forecast
4.5%
Actual
4.6%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Personal Consumption Expenditures Prices (QoQ) was 4.6% against a forecast of 4.5%.

Past events

Date
Forecast
Actual
Thursday 25 June 2026 12:30
4.5%
4.6%
Thursday 28 May 2026 12:30
4.5%
4.5%
Thursday 30 April 2026 12:30
-
4.5%
Thursday 9 April 2026 12:30
2.9%
2.9%
Friday 13 March 2026 12:30
2.9%
2.9%
Friday 20 February 2026 13:30
2.8%
2.9%
Thursday 22 January 2026 13:30
2.8%
2.8%
Tuesday 23 December 2025 13:30
2.8%
2.8%
Wednesday 26 November 2025 13:30
-
-
Thursday 30 October 2025 12:30
-
-
Thursday 25 September 2025 12:30
2%
2.1%
Thursday 28 August 2025 12:30
2.1%
2%
Wednesday 30 July 2025 12:30
-
2.1%
Thursday 26 June 2025 12:30
3.6%
3.7%
Thursday 29 May 2025 12:30
3.6%
3.6%
Wednesday 30 April 2025 12:30
-
3.6%
Thursday 27 March 2025 12:30
2.4%
2.4%
Thursday 27 February 2025 13:30
2.3%
2.4%
Thursday 30 January 2025 13:30
-
2.3%
Thursday 19 December 2024 13:30
1.5%
1.5%
Wednesday 27 November 2024 13:30
1.5%
1.5%
Wednesday 30 October 2024 12:30
-
1.5%
Thursday 26 September 2024 12:30
2.5%
2.5%
Thursday 29 August 2024 12:30
2.6%
2.5%
Thursday 25 July 2024 12:30
-
2.6%
Thursday 27 June 2024 12:30
3.3%
3.4%
Thursday 30 May 2024 12:30
-
3.3%
Thursday 25 April 2024 12:30
-
3.4%
Thursday 28 March 2024 12:30
1.8%
1.8%
Wednesday 28 February 2024 13:30
1.7%
1.8%
Thursday 25 January 2024 13:30
-
1.7%
Thursday 21 December 2023 13:30
2.8%
2.6%
Wednesday 29 November 2023 13:30
2.9%
2.8%
Thursday 26 October 2023 12:30
-
2.9%
Thursday 28 September 2023 12:30
2.5%
2.5%
Wednesday 30 August 2023 12:30
2.6%
2.5%
Thursday 27 July 2023 12:30
-
2.6%
Thursday 29 June 2023 12:30
4.2%
4.1%

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next Personal Consumption Expenditures Prices (QoQ) result:

PreviousLatest
Michigan Consumer Expectations IndexBullish change49.350.7
Michigan Consumer Sentiment IndexBullish change48.949.5
UoM 1-year Consumer Inflation Expectations(no change)4.6%4.6%
UoM 5-year Consumer Inflation ExpectationBearish change3.4%3.3%
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.3%0.3%
Core Personal Consumption Expenditures - Price Index (YoY)Bullish change3.3%3.4%
Core Personal Consumption Expenditures (QoQ)(no change)4.4%4.4%
Durable Goods OrdersBearish change8.5%-4.5%
Durable Goods Orders ex DefenseBearish change8.4%-4.6%
Durable Goods Orders ex TransportationBearish change1.4%1.3%
Gross Domestic Product AnnualizedBullish change1.6%2.1%
Gross Domestic Product Price IndexBullish change3.5%3.6%
Initial Jobless ClaimsBullish change227K215K
Nondefense Capital Goods Orders ex AircraftBullish change-0.7%1.6%
Personal Consumption Expenditures - Price Index (MoM)(no change)0.4%0.4%
Personal Consumption Expenditures - Price Index (YoY)Bullish change3.8%4.1%
Personal Income (MoM)Bullish change0%0.7%
Personal SpendingBullish change0.4%0.7%
New Home Sales Change (MoM)Bearish change-5.7%-7.3%
S&P Global Composite PMIBullish change51.552.2
S&P Global Manufacturing PMIBullish change55.155.7
S&P Global Services PMIBullish change50.751.3
ADP Employment Change 4-week averageBullish change26.5K30.75K
Initial Jobless ClaimsBullish change230K226K
Philadelphia Fed Manufacturing SurveyBullish change-0.410.3
Fed Interest Rate Decision(no change)3.75%3.75%
Interest Rate Projections - 1st yearBullish change3.1%3.6%
Interest Rate Projections - 2nd yearBullish change3.1%3.4%
Interest Rate Projections - CurrentBullish change3.4%3.8%
Interest Rate Projections - Longer(no change)3.1%3.1%
Pending Home Sales (MoM)Bullish change0.3%3.8%
Retail Sales (MoM)Bullish change0.4%0.9%
Retail Sales Control GroupBullish change0.5%0.7%
Retail Sales ex Autos (MoM)Bullish change0.7%0.8%
Building Permits (MoM)Bearish change1.423M1.413M
Housing Starts (MoM)Bearish change1.392M1.177M
ADP Employment Change 4-week averageBearish change29K25.5K
Industrial Production (MoM)Bearish change0.9%0.1%
NY Empire State Manufacturing IndexBearish change19.65.7

About Personal Consumption Expenditures Prices (QoQ)

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Consumption
Frequency:Quarterly
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