US core PCE inflation
Excludes food and energy to help track persistent US inflation pressure.
3.12%
Latest figure:
Next release:
Download CSVUS core PCE inflation
Chart sampled for readability; CSV contains all observations.
%
Source: FRED · As of 6 November 2026
Show the numbers
| Date | US core PCE inflation (%) |
|---|---|
| Jan 1960 | 2.071 |
| Mar 1960 | 2.073 |
| May 1960 | 2.046 |
| Jul 1960 | 1.742 |
| Sep 1960 | 1.544 |
| Nov 1960 | 1.513 |
| Jan 1961 | 1.327 |
| Mar 1961 | 1.262 |
| May 1961 | 1.182 |
| Jul 1961 | 1.254 |
| Sep 1961 | 1.333 |
| Nov 1961 | 1.054 |
| Jan 1962 | 1.266 |
| Mar 1962 | 1.539 |
| May 1962 | 1.429 |
| Jul 1962 | 1.394 |
| Sep 1962 | 1.297 |
| Nov 1962 | 1.315 |
| Jan 1963 | 1.33 |
| Mar 1963 | 1.104 |
| May 1963 | 1.25 |
| Jul 1963 | 1.24 |
| Sep 1963 | 1.305 |
| Nov 1963 | 1.553 |
| Jan 1964 | 1.617 |
| Mar 1964 | 1.729 |
| May 1964 | 1.597 |
| Jul 1964 | 1.508 |
| Sep 1964 | 1.408 |
| Nov 1964 | 1.278 |
| Jan 1965 | 1.274 |
| Mar 1965 | 1.163 |
| May 1965 | 1.292 |
| Jul 1965 | 1.195 |
| Sep 1965 | 1.329 |
| Nov 1965 | 1.297 |
| Jan 1966 | 1.353 |
| Mar 1966 | 1.551 |
| May 1966 | 1.881 |
| Jul 1966 | 2.432 |
| Sep 1966 | 2.624 |
| Nov 1966 | 3.058 |
| Jan 1967 | 3.124 |
| Mar 1967 | 3.083 |
| May 1967 | 2.948 |
| Jul 1967 | 2.925 |
| Sep 1967 | 3.099 |
| Nov 1967 | 3.217 |
| Jan 1968 | 3.521 |
| Mar 1968 | 4.033 |
| May 1968 | 4.293 |
| Jul 1968 | 4.429 |
| Sep 1968 | 4.566 |
| Nov 1968 | 4.667 |
| Jan 1969 | 4.651 |
| Mar 1969 | 4.635 |
| May 1969 | 4.675 |
| Jul 1969 | 4.764 |
| Sep 1969 | 4.647 |
| Nov 1969 | 4.674 |
| Jan 1970 | 4.7 |
| Mar 1970 | 4.641 |
| May 1970 | 4.605 |
| Jul 1970 | 4.532 |
| Sep 1970 | 4.618 |
| Nov 1970 | 4.822 |
| Jan 1971 | 5.027 |
| Mar 1971 | 4.97 |
| May 1971 | 5.031 |
| Jul 1971 | 5.072 |
| Sep 1971 | 4.593 |
| Nov 1971 | 3.944 |
| Jan 1972 | 3.781 |
| Mar 1972 | 3.538 |
| May 1972 | 3.182 |
| Jul 1972 | 2.884 |
| Sep 1972 | 3.129 |
| Nov 1972 | 3.067 |
| Jan 1973 | 2.679 |
| Mar 1973 | 2.939 |
| May 1973 | 3.455 |
| Jul 1973 | 3.84 |
| Sep 1973 | 4.281 |
| Nov 1973 | 4.852 |
| Jan 1974 | 5.569 |
| Mar 1974 | 6.303 |
| May 1974 | 7.092 |
| Jul 1974 | 8.216 |
| Sep 1974 | 9.177 |
| Nov 1974 | 9.877 |
| Jan 1975 | 10.142 |
| Mar 1975 | 9.937 |
| May 1975 | 9.07 |
| Jul 1975 | 8.198 |
| Sep 1975 | 7.157 |
| Nov 1975 | 6.783 |
| Jan 1976 | 6.604 |
| Mar 1976 | 6.074 |
| May 1976 | 6.023 |
| Jul 1976 | 5.868 |
| Sep 1976 | 6.158 |
| Nov 1976 | 5.931 |
| Jan 1977 | 5.965 |
| Mar 1977 | 6.293 |
| May 1977 | 6.44 |
| Jul 1977 | 6.715 |
| Sep 1977 | 6.451 |
| Nov 1977 | 6.511 |
| Jan 1978 | 6.47 |
| Mar 1978 | 6.353 |
| May 1978 | 6.599 |
| Jul 1978 | 6.526 |
| Sep 1978 | 6.736 |
| Nov 1978 | 7.024 |
| Jan 1979 | 6.796 |
| Mar 1979 | 6.768 |
| May 1979 | 7.362 |
| Jul 1979 | 7.272 |
| Sep 1979 | 7.521 |
| Nov 1979 | 7.624 |
| Jan 1980 | 8.245 |
| Mar 1980 | 9.35 |
| May 1980 | 8.836 |
| Jul 1980 | 9.165 |
| Sep 1980 | 9.513 |
| Nov 1980 | 9.775 |
| Jan 1981 | 9.765 |
| Mar 1981 | 9.072 |
| May 1981 | 9.081 |
| Jul 1981 | 8.795 |
| Sep 1981 | 8.428 |
| Nov 1981 | 7.965 |
| Jan 1982 | 7.446 |
| Mar 1982 | 6.952 |
| May 1982 | 6.541 |
| Jul 1982 | 6.593 |
| Sep 1982 | 6.069 |
| Nov 1982 | 5.883 |
| Jan 1983 | 5.903 |
| Mar 1983 | 5.56 |
| May 1983 | 5.043 |
| Jul 1983 | 5.033 |
| Sep 1983 | 5.126 |
| Nov 1983 | 4.507 |
| Jan 1984 | 3.889 |
| Mar 1984 | 4.421 |
| May 1984 | 4.687 |
| Jul 1984 | 4.193 |
| Sep 1984 | 3.74 |
| Nov 1984 | 3.767 |
| Jan 1985 | 4.338 |
| Mar 1985 | 4.191 |
| May 1985 | 3.943 |
| Jul 1985 | 3.898 |
| Sep 1985 | 4.121 |
| Nov 1985 | 4.088 |
| Jan 1986 | 3.938 |
| Mar 1986 | 3.621 |
| May 1986 | 3.506 |
| Jul 1986 | 3.361 |
| Sep 1986 | 3.193 |
| Nov 1986 | 3.344 |
| Jan 1987 | 2.89 |
| Mar 1987 | 2.826 |
| May 1987 | 3.188 |
| Jul 1987 | 3.24 |
| Sep 1987 | 3.447 |
| Nov 1987 | 3.534 |
| Jan 1988 | 3.857 |
| Mar 1988 | 3.995 |
| May 1988 | 4.121 |
| Jul 1988 | 4.43 |
| Sep 1988 | 4.481 |
| Nov 1988 | 4.501 |
| Jan 1989 | 4.662 |
| Mar 1989 | 4.579 |
| May 1989 | 4.379 |
| Jul 1989 | 4.06 |
| Sep 1989 | 3.751 |
| Nov 1989 | 3.725 |
| Jan 1990 | 3.55 |
| Mar 1990 | 3.978 |
| May 1990 | 3.946 |
| Jul 1990 | 4.068 |
| Sep 1990 | 4.358 |
| Nov 1990 | 4.183 |
| Jan 1991 | 4.15 |
| Mar 1991 | 3.652 |
| May 1991 | 3.646 |
| Jul 1991 | 3.522 |
| Sep 1991 | 3.428 |
| Nov 1991 | 3.373 |
| Jan 1992 | 3.251 |
| Mar 1992 | 3.289 |
| May 1992 | 3.155 |
| Jul 1992 | 3.088 |
| Sep 1992 | 2.656 |
| Nov 1992 | 2.857 |
| Jan 1993 | 2.814 |
| Mar 1993 | 2.7 |
| May 1993 | 2.864 |
| Jul 1993 | 2.707 |
| Sep 1993 | 2.793 |
| Nov 1993 | 2.607 |
| Jan 1994 | 2.247 |
| Mar 1994 | 2.397 |
| May 1994 | 2.136 |
| Jul 1994 | 2.268 |
| Sep 1994 | 2.193 |
| Nov 1994 | 2.189 |
| Jan 1995 | 2.351 |
| Mar 1995 | 2.2 |
| May 1995 | 2.23 |
| Jul 1995 | 2.039 |
| Sep 1995 | 2.149 |
| Nov 1995 | 2.036 |
| Jan 1996 | 2.007 |
| Mar 1996 | 1.959 |
| May 1996 | 1.864 |
| Jul 1996 | 1.884 |
| Sep 1996 | 1.903 |
| Nov 1996 | 1.965 |
| Jan 1997 | 1.854 |
| Mar 1997 | 1.937 |
| May 1997 | 1.896 |
| Jul 1997 | 1.847 |
| Sep 1997 | 1.621 |
| Nov 1997 | 1.432 |
| Jan 1998 | 1.498 |
| Mar 1998 | 1.244 |
| May 1998 | 1.256 |
| Jul 1998 | 1.195 |
| Sep 1998 | 1.207 |
| Nov 1998 | 1.238 |
| Jan 1999 | 1.343 |
| Mar 1999 | 1.144 |
| May 1999 | 1.217 |
| Jul 1999 | 1.295 |
| Sep 1999 | 1.431 |
| Nov 1999 | 1.486 |
| Jan 2000 | 1.539 |
| Mar 2000 | 1.901 |
| May 2000 | 1.719 |
| Jul 2000 | 1.792 |
| Sep 2000 | 1.85 |
| Nov 2000 | 1.9 |
| Jan 2001 | 2.005 |
| Mar 2001 | 1.932 |
| May 2001 | 1.943 |
| Jul 2001 | 2.122 |
| Sep 2001 | 1.217 |
| Nov 2001 | 1.815 |
| Jan 2002 | 1.418 |
| Mar 2002 | 1.449 |
| May 2002 | 1.659 |
| Jul 2002 | 1.538 |
| Sep 2002 | 2.436 |
| Nov 2002 | 1.698 |
| Jan 2003 | 1.781 |
| Mar 2003 | 1.769 |
| May 2003 | 1.632 |
| Jul 2003 | 1.574 |
| Sep 2003 | 1.465 |
| Nov 2003 | 1.605 |
| Jan 2004 | 1.829 |
| Mar 2004 | 1.86 |
| May 2004 | 2.006 |
| Jul 2004 | 1.976 |
| Sep 2004 | 1.949 |
| Nov 2004 | 2.063 |
| Jan 2005 | 2.171 |
| Mar 2005 | 2.256 |
| May 2005 | 2.177 |
| Jul 2005 | 2.115 |
| Sep 2005 | 2.193 |
| Nov 2005 | 2.306 |
| Jan 2006 | 2.142 |
| Mar 2006 | 2.168 |
| May 2006 | 2.409 |
| Jul 2006 | 2.546 |
| Sep 2006 | 2.606 |
| Nov 2006 | 2.284 |
| Jan 2007 | 2.5 |
| Mar 2007 | 2.377 |
| May 2007 | 2.076 |
| Jul 2007 | 2.041 |
| Sep 2007 | 2.102 |
| Nov 2007 | 2.336 |
| Jan 2008 | 2.193 |
| Mar 2008 | 2.17 |
| May 2008 | 2.149 |
| Jul 2008 | 2.244 |
| Sep 2008 | 2.044 |
| Nov 2008 | 1.39 |
| Jan 2009 | 0.906 |
| Mar 2009 | 0.762 |
| May 2009 | 0.822 |
| Jul 2009 | 0.626 |
| Sep 2009 | 0.725 |
| Nov 2009 | 1.373 |
| Jan 2010 | 1.691 |
| Mar 2010 | 1.777 |
| May 2010 | 1.637 |
| Jul 2010 | 1.471 |
| Sep 2010 | 1.297 |
| Nov 2010 | 1.122 |
| Jan 2011 | 1.123 |
| Mar 2011 | 1.215 |
| May 2011 | 1.524 |
| Jul 2011 | 1.734 |
| Sep 2011 | 1.851 |
| Nov 2011 | 1.828 |
| Jan 2012 | 2.061 |
| Mar 2012 | 2.045 |
| May 2012 | 1.827 |
| Jul 2012 | 1.774 |
| Sep 2012 | 1.692 |
| Nov 2012 | 1.783 |
| Jan 2013 | 1.592 |
| Mar 2013 | 1.481 |
| May 2013 | 1.393 |
| Jul 2013 | 1.488 |
| Sep 2013 | 1.529 |
| Nov 2013 | 1.514 |
| Jan 2014 | 1.452 |
| Mar 2014 | 1.447 |
| May 2014 | 1.624 |
| Jul 2014 | 1.61 |
| Sep 2014 | 1.555 |
| Nov 2014 | 1.393 |
| Jan 2015 | 1.21 |
| Mar 2015 | 1.281 |
| May 2015 | 1.247 |
| Jul 2015 | 1.179 |
| Sep 2015 | 1.232 |
| Nov 2015 | 1.197 |
| Jan 2016 | 1.406 |
| Mar 2016 | 1.457 |
| May 2016 | 1.569 |
| Jul 2016 | 1.599 |
| Sep 2016 | 1.685 |
| Nov 2016 | 1.719 |
| Jan 2017 | 1.863 |
| Mar 2017 | 1.679 |
| May 2017 | 1.546 |
| Jul 2017 | 1.503 |
| Sep 2017 | 1.423 |
| Nov 2017 | 1.545 |
| Jan 2018 | 1.632 |
| Mar 2018 | 1.909 |
| May 2018 | 1.981 |
| Jul 2018 | 1.996 |
| Sep 2018 | 1.96 |
| Nov 2018 | 2.01 |
| Jan 2019 | 1.844 |
| Mar 2019 | 1.616 |
| May 2019 | 1.563 |
| Jul 2019 | 1.639 |
| Sep 2019 | 1.632 |
| Nov 2019 | 1.498 |
| Jan 2020 | 1.591 |
| Mar 2020 | 1.527 |
| May 2020 | 0.997 |
| Jul 2020 | 1.214 |
| Sep 2020 | 1.48 |
| Nov 2020 | 1.454 |
| Jan 2021 | 1.589 |
| Mar 2021 | 2.134 |
| May 2021 | 3.436 |
| Jul 2021 | 3.844 |
| Sep 2021 | 3.926 |
| Nov 2021 | 4.797 |
| Jan 2022 | 5.326 |
| Mar 2022 | 5.56 |
| May 2022 | 5.169 |
| Jul 2022 | 5.219 |
| Sep 2022 | 5.64 |
| Nov 2022 | 5.285 |
| Jan 2023 | 5.002 |
| Mar 2023 | 4.865 |
| May 2023 | 4.834 |
| Jul 2023 | 4.236 |
| Sep 2023 | 3.738 |
| Nov 2023 | 3.437 |
| Jan 2024 | 3.224 |
| Mar 2024 | 3.146 |
| May 2024 | 2.809 |
| Jul 2024 | 2.809 |
| Sep 2024 | 2.84 |
| Nov 2024 | 2.874 |
| Jan 2025 | 2.812 |
| Mar 2025 | 2.564 |
| May 2025 | 2.787 |
| Jul 2025 | 2.841 |
| Sep 2025 | 2.817 |
| Nov 2025 | 2.721 |
| Jan 2026 | 2.938 |
| Mar 2026 | 3.105 |
| May 2026 | 3.162 |
| Jul 2026 | 2.995 |
| Sep 2026 | 3.121 |
US core PCE inflation
Chart sampled for readability; CSV contains all observations.
%
Source: FRED · As of 6 November 2026
Show the numbers
| Date | US core PCE inflation (%) |
|---|---|
| Sep 2024 | 2.84 |
| Oct 2024 | 2.905 |
| Nov 2024 | 2.874 |
| Dec 2024 | 2.903 |
| Jan 2025 | 2.812 |
| Feb 2025 | 2.823 |
| Mar 2025 | 2.564 |
| Apr 2025 | 2.676 |
| May 2025 | 2.787 |
| Jun 2025 | 2.826 |
| Jul 2025 | 2.841 |
| Aug 2025 | 2.851 |
| Sep 2025 | 2.817 |
| Oct 2025 | 2.705 |
| Nov 2025 | 2.721 |
| Dec 2025 | 2.872 |
| Jan 2026 | 2.938 |
| Feb 2026 | 2.959 |
| Mar 2026 | 3.105 |
| Apr 2026 | 3.084 |
| May 2026 | 3.162 |
| Jun 2026 | 3.041 |
| Jul 2026 | 2.995 |
| Aug 2026 | 3.034 |
| Sep 2026 | 3.121 |
US core PCE inflation
Chart sampled for readability; CSV contains all observations.
%
Source: FRED · As of 6 November 2026
Show the numbers
| Date | US core PCE inflation (%) |
|---|---|
| Sep 2016 | 1.685 |
| Oct 2016 | 1.782 |
| Nov 2016 | 1.719 |
| Dec 2016 | 1.77 |
| Jan 2017 | 1.863 |
| Feb 2017 | 1.867 |
| Mar 2017 | 1.679 |
| Apr 2017 | 1.637 |
| May 2017 | 1.546 |
| Jun 2017 | 1.576 |
| Jul 2017 | 1.503 |
| Aug 2017 | 1.434 |
| Sep 2017 | 1.423 |
| Oct 2017 | 1.541 |
| Nov 2017 | 1.545 |
| Dec 2017 | 1.577 |
| Jan 2018 | 1.632 |
| Feb 2018 | 1.644 |
| Mar 2018 | 1.909 |
| Apr 2018 | 1.884 |
| May 2018 | 1.981 |
| Jun 2018 | 1.936 |
| Jul 2018 | 1.996 |
| Aug 2018 | 1.896 |
| Sep 2018 | 1.96 |
| Oct 2018 | 1.871 |
| Nov 2018 | 2.01 |
| Dec 2018 | 2.038 |
| Jan 2019 | 1.844 |
| Feb 2019 | 1.744 |
| Mar 2019 | 1.616 |
| Apr 2019 | 1.637 |
| May 2019 | 1.563 |
| Jun 2019 | 1.657 |
| Jul 2019 | 1.639 |
| Aug 2019 | 1.746 |
| Sep 2019 | 1.632 |
| Oct 2019 | 1.624 |
| Nov 2019 | 1.498 |
| Dec 2019 | 1.545 |
| Jan 2020 | 1.591 |
| Feb 2020 | 1.698 |
| Mar 2020 | 1.527 |
| Apr 2020 | 0.995 |
| May 2020 | 0.997 |
| Jun 2020 | 0.97 |
| Jul 2020 | 1.214 |
| Aug 2020 | 1.393 |
| Sep 2020 | 1.48 |
| Oct 2020 | 1.422 |
| Nov 2020 | 1.454 |
| Dec 2020 | 1.509 |
| Jan 2021 | 1.589 |
| Feb 2021 | 1.646 |
| Mar 2021 | 2.134 |
| Apr 2021 | 3.068 |
| May 2021 | 3.436 |
| Jun 2021 | 3.784 |
| Jul 2021 | 3.844 |
| Aug 2021 | 3.893 |
| Sep 2021 | 3.926 |
| Oct 2021 | 4.371 |
| Nov 2021 | 4.797 |
| Dec 2021 | 5.084 |
| Jan 2022 | 5.326 |
| Feb 2022 | 5.569 |
| Mar 2022 | 5.56 |
| Apr 2022 | 5.289 |
| May 2022 | 5.169 |
| Jun 2022 | 5.299 |
| Jul 2022 | 5.219 |
| Aug 2022 | 5.403 |
| Sep 2022 | 5.64 |
| Oct 2022 | 5.509 |
| Nov 2022 | 5.285 |
| Dec 2022 | 5.071 |
| Jan 2023 | 5.002 |
| Feb 2023 | 4.862 |
| Mar 2023 | 4.865 |
| Apr 2023 | 4.853 |
| May 2023 | 4.834 |
| Jun 2023 | 4.443 |
| Jul 2023 | 4.236 |
| Aug 2023 | 3.83 |
| Sep 2023 | 3.738 |
| Oct 2023 | 3.559 |
| Nov 2023 | 3.437 |
| Dec 2023 | 3.225 |
| Jan 2024 | 3.224 |
| Feb 2024 | 3.178 |
| Mar 2024 | 3.146 |
| Apr 2024 | 3.018 |
| May 2024 | 2.809 |
| Jun 2024 | 2.779 |
| Jul 2024 | 2.809 |
| Aug 2024 | 2.902 |
| Sep 2024 | 2.84 |
| Oct 2024 | 2.905 |
| Nov 2024 | 2.874 |
| Dec 2024 | 2.903 |
| Jan 2025 | 2.812 |
| Feb 2025 | 2.823 |
| Mar 2025 | 2.564 |
| Apr 2025 | 2.676 |
| May 2025 | 2.787 |
| Jun 2025 | 2.826 |
| Jul 2025 | 2.841 |
| Aug 2025 | 2.851 |
| Sep 2025 | 2.817 |
| Oct 2025 | 2.705 |
| Nov 2025 | 2.721 |
| Dec 2025 | 2.872 |
| Jan 2026 | 2.938 |
| Feb 2026 | 2.959 |
| Mar 2026 | 3.105 |
| Apr 2026 | 3.084 |
| May 2026 | 3.162 |
| Jun 2026 | 3.041 |
| Jul 2026 | 2.995 |
| Aug 2026 | 3.034 |
| Sep 2026 | 3.121 |
Recent observations
| Date | % |
|---|---|
| September 2026 | 3.121 |
| August 2026 | 3.034 |
| July 2026 | 2.995 |
| June 2026 | 3.041 |
| May 2026 | 3.162 |
| April 2026 | 3.084 |
| March 2026 | 3.105 |
| February 2026 | 2.959 |
| January 2026 | 2.938 |
| December 2025 | 2.872 |
| November 2025 | 2.721 |
| October 2025 | 2.705 |
| September 2025 | 2.817 |
| August 2025 | 2.851 |
| July 2025 | 2.841 |
| June 2025 | 2.826 |
| May 2025 | 2.787 |
| April 2025 | 2.676 |
| March 2025 | 2.564 |
| February 2025 | 2.823 |
| January 2025 | 2.812 |
| December 2024 | 2.903 |
| November 2024 | 2.874 |
| October 2024 | 2.905 |
Source: FRED · Attribution and methods