US PCE inflation
The broad consumer price measure used for the Federal Reserve inflation target.
3.65%
Latest figure:
Next release:
Download CSVUS PCE inflation
Chart sampled for readability; CSV contains all observations.
%
Source: FRED · As of 6 November 2026
Show the numbers
| Date | US PCE inflation (%) |
|---|---|
| Jan 1960 | 1.695 |
| Mar 1960 | 1.692 |
| May 1960 | 1.911 |
| Jul 1960 | 1.634 |
| Sep 1960 | 1.451 |
| Nov 1960 | 1.603 |
| Jan 1961 | 1.582 |
| Mar 1961 | 1.45 |
| May 1961 | 0.98 |
| Jul 1961 | 1.016 |
| Sep 1961 | 0.988 |
| Nov 1961 | 0.53 |
| Jan 1962 | 0.709 |
| Mar 1962 | 1.078 |
| May 1962 | 1.257 |
| Jul 1962 | 0.999 |
| Sep 1962 | 1.442 |
| Nov 1962 | 1.41 |
| Jan 1963 | 1.401 |
| Mar 1963 | 1.023 |
| May 1963 | 1.002 |
| Jul 1963 | 1.418 |
| Sep 1963 | 0.895 |
| Nov 1963 | 1.265 |
| Jan 1964 | 1.419 |
| Mar 1964 | 1.6 |
| May 1964 | 1.529 |
| Jul 1964 | 1.379 |
| Sep 1964 | 1.49 |
| Nov 1964 | 1.355 |
| Jan 1965 | 1.251 |
| Mar 1965 | 1.218 |
| May 1965 | 1.518 |
| Jul 1965 | 1.612 |
| Sep 1965 | 1.455 |
| Nov 1965 | 1.453 |
| Jan 1966 | 1.68 |
| Mar 1966 | 2.176 |
| May 1966 | 2.264 |
| Jul 1966 | 2.346 |
| Sep 1966 | 2.99 |
| Nov 1966 | 3.206 |
| Jan 1967 | 2.934 |
| Mar 1967 | 2.433 |
| May 1967 | 2.321 |
| Jul 1967 | 2.54 |
| Sep 1967 | 2.452 |
| Nov 1967 | 2.658 |
| Jan 1968 | 3.077 |
| Mar 1968 | 3.658 |
| May 1968 | 3.992 |
| Jul 1968 | 3.96 |
| Sep 1968 | 4.107 |
| Nov 1968 | 4.281 |
| Jan 1969 | 4.255 |
| Mar 1969 | 4.246 |
| May 1969 | 4.412 |
| Jul 1969 | 4.722 |
| Sep 1969 | 4.653 |
| Nov 1969 | 4.65 |
| Jan 1970 | 4.877 |
| Mar 1970 | 4.793 |
| May 1970 | 4.774 |
| Jul 1970 | 4.461 |
| Sep 1970 | 4.483 |
| Nov 1970 | 4.605 |
| Jan 1971 | 4.438 |
| Mar 1971 | 4.415 |
| May 1971 | 4.399 |
| Jul 1971 | 4.523 |
| Sep 1971 | 4.24 |
| Nov 1971 | 3.691 |
| Jan 1972 | 3.844 |
| Mar 1972 | 3.757 |
| May 1972 | 3.308 |
| Jul 1972 | 3.066 |
| Sep 1972 | 3.375 |
| Nov 1972 | 3.425 |
| Jan 1973 | 3.236 |
| Mar 1973 | 3.957 |
| May 1973 | 4.852 |
| Jul 1973 | 5.297 |
| Sep 1973 | 6.147 |
| Nov 1973 | 7.184 |
| Jan 1974 | 8.426 |
| Mar 1974 | 9.602 |
| May 1974 | 10.101 |
| Jul 1974 | 10.818 |
| Sep 1974 | 11.407 |
| Nov 1974 | 11.497 |
| Jan 1975 | 11.091 |
| Mar 1975 | 9.513 |
| May 1975 | 8.48 |
| Jul 1975 | 8.367 |
| Sep 1975 | 7.132 |
| Nov 1975 | 6.873 |
| Jan 1976 | 6.364 |
| Mar 1976 | 5.728 |
| May 1976 | 5.689 |
| Jul 1976 | 5.127 |
| Sep 1976 | 5.319 |
| Nov 1976 | 5.062 |
| Jan 1977 | 5.282 |
| Mar 1977 | 6.339 |
| May 1977 | 6.748 |
| Jul 1977 | 6.889 |
| Sep 1977 | 6.604 |
| Nov 1977 | 6.667 |
| Jan 1978 | 6.599 |
| Mar 1978 | 6.417 |
| May 1978 | 6.825 |
| Jul 1978 | 6.953 |
| Sep 1978 | 7.2 |
| Nov 1978 | 7.547 |
| Jan 1979 | 7.703 |
| Mar 1979 | 7.92 |
| May 1979 | 8.57 |
| Jul 1979 | 8.99 |
| Sep 1979 | 9.612 |
| Nov 1979 | 9.771 |
| Jan 1980 | 10.498 |
| Mar 1980 | 11.595 |
| May 1980 | 10.736 |
| Jul 1980 | 10.54 |
| Sep 1980 | 10.661 |
| Nov 1980 | 10.776 |
| Jan 1981 | 10.47 |
| Mar 1981 | 9.814 |
| May 1981 | 9.363 |
| Jul 1981 | 8.922 |
| Sep 1981 | 8.355 |
| Nov 1981 | 7.684 |
| Jan 1982 | 6.93 |
| Mar 1982 | 5.713 |
| May 1982 | 5.458 |
| Jul 1982 | 5.789 |
| Sep 1982 | 5.112 |
| Nov 1982 | 4.979 |
| Jan 1983 | 4.682 |
| Mar 1983 | 4.411 |
| May 1983 | 4.511 |
| Jul 1983 | 4.116 |
| Sep 1983 | 4.315 |
| Nov 1983 | 3.744 |
| Jan 1984 | 3.612 |
| Mar 1984 | 4.339 |
| May 1984 | 4.098 |
| Jul 1984 | 3.682 |
| Sep 1984 | 3.336 |
| Nov 1984 | 3.404 |
| Jan 1985 | 3.704 |
| Mar 1985 | 3.555 |
| May 1985 | 3.425 |
| Jul 1985 | 3.407 |
| Sep 1985 | 3.466 |
| Nov 1985 | 3.549 |
| Jan 1986 | 3.564 |
| Mar 1986 | 2.458 |
| May 1986 | 2.046 |
| Jul 1986 | 1.924 |
| Sep 1986 | 1.877 |
| Nov 1986 | 1.776 |
| Jan 1987 | 1.586 |
| Mar 1987 | 2.437 |
| May 1987 | 3.102 |
| Jul 1987 | 3.321 |
| Sep 1987 | 3.609 |
| Nov 1987 | 3.763 |
| Jan 1988 | 3.727 |
| Mar 1988 | 3.599 |
| May 1988 | 3.753 |
| Jul 1988 | 4.065 |
| Sep 1988 | 4.118 |
| Nov 1988 | 4.172 |
| Jan 1989 | 4.434 |
| Mar 1989 | 4.657 |
| May 1989 | 4.922 |
| Jul 1989 | 4.448 |
| Sep 1989 | 3.878 |
| Nov 1989 | 3.93 |
| Jan 1990 | 4.159 |
| Mar 1990 | 4.276 |
| May 1990 | 3.659 |
| Jul 1990 | 3.898 |
| Sep 1990 | 4.985 |
| Nov 1990 | 5.079 |
| Jan 1991 | 4.481 |
| Mar 1991 | 3.706 |
| May 1991 | 3.872 |
| Jul 1991 | 3.498 |
| Sep 1991 | 2.777 |
| Nov 1991 | 2.478 |
| Jan 1992 | 2.388 |
| Mar 1992 | 2.823 |
| May 1992 | 2.626 |
| Jul 1992 | 2.811 |
| Sep 1992 | 2.525 |
| Nov 1992 | 2.672 |
| Jan 1993 | 2.704 |
| Mar 1993 | 2.561 |
| May 1993 | 2.737 |
| Jul 1993 | 2.416 |
| Sep 1993 | 2.394 |
| Nov 1993 | 2.346 |
| Jan 1994 | 1.977 |
| Mar 1994 | 2.131 |
| May 1994 | 1.814 |
| Jul 1994 | 2.186 |
| Sep 1994 | 2.253 |
| Nov 1994 | 2.106 |
| Jan 1995 | 2.322 |
| Mar 1995 | 2.173 |
| May 1995 | 2.329 |
| Jul 1995 | 1.987 |
| Sep 1995 | 1.929 |
| Nov 1995 | 1.824 |
| Jan 1996 | 1.974 |
| Mar 1996 | 2.074 |
| May 1996 | 2.13 |
| Jul 1996 | 2.116 |
| Sep 1996 | 2.212 |
| Nov 1996 | 2.441 |
| Jan 1997 | 2.269 |
| Mar 1997 | 2.12 |
| May 1997 | 1.693 |
| Jul 1997 | 1.671 |
| Sep 1997 | 1.613 |
| Nov 1997 | 1.264 |
| Jan 1998 | 1.044 |
| Mar 1998 | 0.691 |
| May 1998 | 0.901 |
| Jul 1998 | 0.875 |
| Sep 1998 | 0.633 |
| Nov 1998 | 0.721 |
| Jan 1999 | 0.936 |
| Mar 1999 | 0.993 |
| May 1999 | 1.282 |
| Jul 1999 | 1.418 |
| Sep 1999 | 1.886 |
| Nov 1999 | 1.921 |
| Jan 2000 | 2.189 |
| Mar 2000 | 2.931 |
| May 2000 | 2.369 |
| Jul 2000 | 2.669 |
| Sep 2000 | 2.548 |
| Nov 2000 | 2.566 |
| Jan 2001 | 2.701 |
| Mar 2001 | 2.109 |
| May 2001 | 2.558 |
| Jul 2001 | 2.102 |
| Sep 2001 | 1.313 |
| Nov 2001 | 1.322 |
| Jan 2002 | 0.666 |
| Mar 2002 | 0.943 |
| May 2002 | 0.988 |
| Jul 2002 | 1.192 |
| Sep 2002 | 1.933 |
| Nov 2002 | 1.93 |
| Jan 2003 | 2.347 |
| Mar 2003 | 2.59 |
| May 2003 | 1.805 |
| Jul 2003 | 1.863 |
| Sep 2003 | 2.141 |
| Nov 2003 | 1.996 |
| Jan 2004 | 2.212 |
| Mar 2004 | 1.896 |
| May 2004 | 2.71 |
| Jul 2004 | 2.685 |
| Sep 2004 | 2.274 |
| Nov 2004 | 2.966 |
| Jan 2005 | 2.532 |
| Mar 2005 | 2.748 |
| May 2005 | 2.569 |
| Jul 2005 | 2.679 |
| Sep 2005 | 3.83 |
| Nov 2005 | 2.938 |
| Jan 2006 | 3.247 |
| Mar 2006 | 2.914 |
| May 2006 | 3.322 |
| Jul 2006 | 3.427 |
| Sep 2006 | 2.08 |
| Nov 2006 | 1.925 |
| Jan 2007 | 2.133 |
| Mar 2007 | 2.565 |
| May 2007 | 2.353 |
| Jul 2007 | 2.125 |
| Sep 2007 | 2.535 |
| Nov 2007 | 3.6 |
| Jan 2008 | 3.387 |
| Mar 2008 | 3.191 |
| May 2008 | 3.282 |
| Jul 2008 | 4.136 |
| Sep 2008 | 3.668 |
| Nov 2008 | 0.925 |
| Jan 2009 | -0.111 |
| Mar 2009 | -0.526 |
| May 2009 | -0.889 |
| Jul 2009 | -1.466 |
| Sep 2009 | -1.023 |
| Nov 2009 | 1.461 |
| Jan 2010 | 2.302 |
| Mar 2010 | 2.373 |
| May 2010 | 2.208 |
| Jul 2010 | 1.637 |
| Sep 2010 | 1.42 |
| Nov 2010 | 1.307 |
| Jan 2011 | 1.56 |
| Mar 2011 | 2.111 |
| May 2011 | 2.766 |
| Jul 2011 | 2.876 |
| Sep 2011 | 3.019 |
| Nov 2011 | 2.699 |
| Jan 2012 | 2.569 |
| Mar 2012 | 2.298 |
| May 2012 | 1.577 |
| Jul 2012 | 1.41 |
| Sep 2012 | 1.678 |
| Nov 2012 | 1.699 |
| Jan 2013 | 1.471 |
| Mar 2013 | 1.277 |
| May 2013 | 1.229 |
| Jul 2013 | 1.595 |
| Sep 2013 | 1.141 |
| Nov 2013 | 1.195 |
| Jan 2014 | 1.405 |
| Mar 2014 | 1.39 |
| May 2014 | 1.766 |
| Jul 2014 | 1.669 |
| Sep 2014 | 1.497 |
| Nov 2014 | 1.086 |
| Jan 2015 | 0.041 |
| Mar 2015 | 0.199 |
| May 2015 | 0.185 |
| Jul 2015 | 0.22 |
| Sep 2015 | 0.066 |
| Nov 2015 | 0.254 |
| Jan 2016 | 0.871 |
| Mar 2016 | 0.686 |
| May 2016 | 0.849 |
| Jul 2016 | 0.755 |
| Sep 2016 | 1.22 |
| Nov 2016 | 1.397 |
| Jan 2017 | 2.005 |
| Mar 2017 | 1.906 |
| May 2017 | 1.558 |
| Jul 2017 | 1.486 |
| Sep 2017 | 1.757 |
| Nov 2017 | 1.794 |
| Jan 2018 | 1.758 |
| Mar 2018 | 1.998 |
| May 2018 | 2.266 |
| Jul 2018 | 2.339 |
| Sep 2018 | 2.01 |
| Nov 2018 | 1.942 |
| Jan 2019 | 1.432 |
| Mar 2019 | 1.522 |
| May 2019 | 1.466 |
| Jul 2019 | 1.454 |
| Sep 2019 | 1.284 |
| Nov 2019 | 1.358 |
| Jan 2020 | 1.794 |
| Mar 2020 | 1.166 |
| May 2020 | 0.49 |
| Jul 2020 | 0.923 |
| Sep 2020 | 1.276 |
| Nov 2020 | 1.186 |
| Jan 2021 | 1.507 |
| Mar 2021 | 2.635 |
| May 2021 | 3.97 |
| Jul 2021 | 4.383 |
| Sep 2021 | 4.656 |
| Nov 2021 | 5.868 |
| Jan 2022 | 6.235 |
| Mar 2022 | 6.92 |
| May 2022 | 6.785 |
| Jul 2022 | 6.86 |
| Sep 2022 | 6.693 |
| Nov 2022 | 6.09 |
| Jan 2023 | 5.556 |
| Mar 2023 | 4.491 |
| May 2023 | 4.097 |
| Jul 2023 | 3.361 |
| Sep 2023 | 3.492 |
| Nov 2023 | 2.889 |
| Jan 2024 | 2.748 |
| Mar 2024 | 2.952 |
| May 2024 | 2.697 |
| Jul 2024 | 2.596 |
| Sep 2024 | 2.259 |
| Nov 2024 | 2.491 |
| Jan 2025 | 2.632 |
| Mar 2025 | 2.255 |
| May 2025 | 2.463 |
| Jul 2025 | 2.591 |
| Sep 2025 | 2.783 |
| Nov 2025 | 2.71 |
| Jan 2026 | 2.728 |
| Mar 2026 | 3.365 |
| May 2026 | 3.823 |
| Jul 2026 | 3.373 |
| Sep 2026 | 3.649 |
US PCE inflation
Chart sampled for readability; CSV contains all observations.
%
Source: FRED · As of 6 November 2026
Show the numbers
| Date | US PCE inflation (%) |
|---|---|
| Sep 2024 | 2.259 |
| Oct 2024 | 2.406 |
| Nov 2024 | 2.491 |
| Dec 2024 | 2.648 |
| Jan 2025 | 2.632 |
| Feb 2025 | 2.575 |
| Mar 2025 | 2.255 |
| Apr 2025 | 2.331 |
| May 2025 | 2.463 |
| Jun 2025 | 2.612 |
| Jul 2025 | 2.591 |
| Aug 2025 | 2.694 |
| Sep 2025 | 2.783 |
| Oct 2025 | 2.657 |
| Nov 2025 | 2.71 |
| Dec 2025 | 2.777 |
| Jan 2026 | 2.728 |
| Feb 2026 | 2.801 |
| Mar 2026 | 3.365 |
| Apr 2026 | 3.574 |
| May 2026 | 3.823 |
| Jun 2026 | 3.453 |
| Jul 2026 | 3.373 |
| Aug 2026 | 3.444 |
| Sep 2026 | 3.649 |
US PCE inflation
Chart sampled for readability; CSV contains all observations.
%
Source: FRED · As of 6 November 2026
Show the numbers
| Date | US PCE inflation (%) |
|---|---|
| Sep 2016 | 1.22 |
| Oct 2016 | 1.427 |
| Nov 2016 | 1.397 |
| Dec 2016 | 1.657 |
| Jan 2017 | 2.005 |
| Feb 2017 | 2.197 |
| Mar 2017 | 1.906 |
| Apr 2017 | 1.767 |
| May 2017 | 1.558 |
| Jun 2017 | 1.466 |
| Jul 2017 | 1.486 |
| Aug 2017 | 1.572 |
| Sep 2017 | 1.757 |
| Oct 2017 | 1.682 |
| Nov 2017 | 1.794 |
| Dec 2017 | 1.766 |
| Jan 2018 | 1.758 |
| Feb 2018 | 1.838 |
| Mar 2018 | 1.998 |
| Apr 2018 | 2.047 |
| May 2018 | 2.266 |
| Jun 2018 | 2.268 |
| Jul 2018 | 2.339 |
| Aug 2018 | 2.18 |
| Sep 2018 | 2.01 |
| Oct 2018 | 2.053 |
| Nov 2018 | 1.942 |
| Dec 2018 | 1.865 |
| Jan 2019 | 1.432 |
| Feb 2019 | 1.4 |
| Mar 2019 | 1.522 |
| Apr 2019 | 1.566 |
| May 2019 | 1.466 |
| Jun 2019 | 1.426 |
| Jul 2019 | 1.454 |
| Aug 2019 | 1.43 |
| Sep 2019 | 1.284 |
| Oct 2019 | 1.289 |
| Nov 2019 | 1.358 |
| Dec 2019 | 1.564 |
| Jan 2020 | 1.794 |
| Feb 2020 | 1.689 |
| Mar 2020 | 1.166 |
| Apr 2020 | 0.462 |
| May 2020 | 0.49 |
| Jun 2020 | 0.76 |
| Jul 2020 | 0.923 |
| Aug 2020 | 1.158 |
| Sep 2020 | 1.276 |
| Oct 2020 | 1.187 |
| Nov 2020 | 1.186 |
| Dec 2020 | 1.335 |
| Jan 2021 | 1.507 |
| Feb 2021 | 1.786 |
| Mar 2021 | 2.635 |
| Apr 2021 | 3.578 |
| May 2021 | 3.97 |
| Jun 2021 | 4.218 |
| Jul 2021 | 4.383 |
| Aug 2021 | 4.509 |
| Sep 2021 | 4.656 |
| Oct 2021 | 5.277 |
| Nov 2021 | 5.868 |
| Dec 2021 | 6.045 |
| Jan 2022 | 6.235 |
| Feb 2022 | 6.51 |
| Mar 2022 | 6.92 |
| Apr 2022 | 6.634 |
| May 2022 | 6.785 |
| Jun 2022 | 7.218 |
| Jul 2022 | 6.86 |
| Aug 2022 | 6.683 |
| Sep 2022 | 6.693 |
| Oct 2022 | 6.506 |
| Nov 2022 | 6.09 |
| Dec 2022 | 5.606 |
| Jan 2023 | 5.556 |
| Feb 2023 | 5.2 |
| Mar 2023 | 4.491 |
| Apr 2023 | 4.532 |
| May 2023 | 4.097 |
| Jun 2023 | 3.346 |
| Jul 2023 | 3.361 |
| Aug 2023 | 3.438 |
| Sep 2023 | 3.492 |
| Oct 2023 | 3.1 |
| Nov 2023 | 2.889 |
| Dec 2023 | 2.862 |
| Jan 2024 | 2.748 |
| Feb 2024 | 2.807 |
| Mar 2024 | 2.952 |
| Apr 2024 | 2.839 |
| May 2024 | 2.697 |
| Jun 2024 | 2.57 |
| Jul 2024 | 2.596 |
| Aug 2024 | 2.437 |
| Sep 2024 | 2.259 |
| Oct 2024 | 2.406 |
| Nov 2024 | 2.491 |
| Dec 2024 | 2.648 |
| Jan 2025 | 2.632 |
| Feb 2025 | 2.575 |
| Mar 2025 | 2.255 |
| Apr 2025 | 2.331 |
| May 2025 | 2.463 |
| Jun 2025 | 2.612 |
| Jul 2025 | 2.591 |
| Aug 2025 | 2.694 |
| Sep 2025 | 2.783 |
| Oct 2025 | 2.657 |
| Nov 2025 | 2.71 |
| Dec 2025 | 2.777 |
| Jan 2026 | 2.728 |
| Feb 2026 | 2.801 |
| Mar 2026 | 3.365 |
| Apr 2026 | 3.574 |
| May 2026 | 3.823 |
| Jun 2026 | 3.453 |
| Jul 2026 | 3.373 |
| Aug 2026 | 3.444 |
| Sep 2026 | 3.649 |
Recent observations
| Date | % |
|---|---|
| September 2026 | 3.649 |
| August 2026 | 3.444 |
| July 2026 | 3.373 |
| June 2026 | 3.453 |
| May 2026 | 3.823 |
| April 2026 | 3.574 |
| March 2026 | 3.365 |
| February 2026 | 2.801 |
| January 2026 | 2.728 |
| December 2025 | 2.777 |
| November 2025 | 2.71 |
| October 2025 | 2.657 |
| September 2025 | 2.783 |
| August 2025 | 2.694 |
| July 2025 | 2.591 |
| June 2025 | 2.612 |
| May 2025 | 2.463 |
| April 2025 | 2.331 |
| March 2025 | 2.255 |
| February 2025 | 2.575 |
| January 2025 | 2.632 |
| December 2024 | 2.648 |
| November 2024 | 2.491 |
| October 2024 | 2.406 |
Source: FRED · Attribution and methods