Economic event · Inflation

Personal Consumption Expenditures Price Index

A measure of the prices of the goods and services consumed by households in the United States, or bought on their behalf. The core version, which leaves out food and energy, is the one most quoted.

Around a release

Spreads may widen, prices may gap and an order may be filled at a different price from the one requested. Order anatomy

The release

How it is measured.

The Bureau of Economic Analysis publishes it within its monthly report on personal income and outlays. Most of the prices come from the consumer and producer price indices; what differs is the scope and the weights. It counts spending made for households by employers and government, such as health care, and its weights shift as people change what they buy.

Why markets watch it.

The Federal Reserve states its inflation objective in terms of this index, not the consumer price index. A reading is therefore set directly against the central bank’s own goal.

How it is commonly misread.

It is rarely a surprise in the way the consumer price index can be. It is published later in the month, after the two releases that supply most of its prices, so much of it can be estimated beforehand. It also need not match the consumer price index: health care weighs more in it and housing less, and the two have differed persistently.

An explanation of why the release is followed, not a view on what any market will do when it is published. Educational information, not investment advice or a recommendation to trade.

Commonly monitored alongside it

Currencies and instruments that market participants commonly follow around this release. Listed for context; inclusion says nothing about direction.

Primary sources

Who publishes it.

The figures, the methodology and the release schedule are on the publisher’s own website. That is the only place this page sends you for a date.

Publishers of the Personal Consumption Expenditures Price Index, by area, with links to the primary source
Area	Publisher	Primary source
United States	Bureau of Economic Analysis	bea.gov (opens in a new tab)

Cadence: Monthly, within the personal income and outlays report
Dates: Not shown on this page: GIO4X keeps no economic calendar of its own. TradingView’s calendar · All publishers’ pages

Connected

Read it in context.

Related concepts and releases

Central banks it is read against

Federal ReserveTarget range for the federal funds rate. Washington, D.C.

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