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Line 1 - Personal Consumption Expenditures: Chain-type Price Index
Line 1
(a) Personal Consumption Expenditures: Chain-type Price Index, Index 2017=100, Seasonally Adjusted (PCEPI)
BEA Account Code: DPCERG The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if the price of beef rises, shoppers may buy less beef and more chicken. The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index, as above. The PCE price index is used primarily for macroeconomic analysis and forecasting. The PCE Price index is the Federal Reserve’s preferred measure of inflation. The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates. For more information on the PCE price index, see: U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/national/pdf/nipaguid.pdf) U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index (https://www.bea.gov/data/personal-consumption-expenditures-price-index) U.S. Bureau of Economic Analysis, Prices & Inflation (https://www.bea.gov/resources/learning-center/what-to-know-prices-inflation) U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index (https://www.bls.gov/opub/btn/archive/differences-between-the-consumer-price-index-and-the-personal-consumption-expenditures-price-index.pdf)

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    Line 1 - Personal Consumption Expenditures: Chain-type Price Index
    Line 2
    (a) Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index), Index 2017=100, Seasonally Adjusted (PCEPILFE)
    BEA Account Code: DPCCRG The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if car prices rise, car sales may decline while bicycle sales increase. The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index and excluding food and energy products, as above. The PCE price index less food excluding food and energy is used primarily for macroeconomic analysis and forecasting future values of the PCE price index. The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates. For more information on the PCE price index, see: U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA) (https://www.bea.gov/national/pdf/nipaguid.pdf) U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index (https://www.bea.gov/data/personal-consumption-expenditures-price-index) U.S. Bureau of Economic Analysis, Prices & Inflation (https://www.bea.gov/resources/learning-center/what-to-know-prices-inflation) U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index (https://www.bls.gov/opub/btn/archive/differences-between-the-consumer-price-index-and-the-personal-consumption-expenditures-price-index.pdf)

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

      Line 1 - Personal Consumption Expenditures: Chain-type Price Index
      Line 3
      (a) Personal consumption expenditures: Food (chain-type price index), Index 2017=100, Seasonally Adjusted (DFXARG3M086SBEA)
      BEA Account Code: DFXARG For more information about this series, please see http://www.bea.gov/national/.

      Select a date that will equal 100 for your custom index:
        Enter date as YYYY-MM-DD
      to

      Write a custom formula to transform one or more series or combine two or more series.

      You can begin by adding a series to combine with your existing series.

      Type keywords to search for data

        Now create a custom formula to combine or transform the series.

        For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

        Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

        Finally, you can change the units of your new series.

        Select a date that will equal 100 for your custom index:
            Enter date as YYYY-MM-DD

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        Line 1
        Personal Consumption Expenditures: Chain-type Price Index
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        Line 2
        Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)
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        Line 3
        Personal consumption expenditures: Food (chain-type price index)
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        Notes

        Personal Consumption Expenditures: Chain-type Price Index  (PCEPI)

        Source: U.S. Bureau of Economic Analysis  

        Release: Personal Income and Outlays  

        Units:  Index 2017=100, Seasonally Adjusted

        Frequency:  Monthly

        Notes:

        BEA Account Code: DPCERG

        The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if the price of beef rises, shoppers may buy less beef and more chicken.

        The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index, as above. The PCE price index is used primarily for macroeconomic analysis and forecasting.

        The PCE Price index is the Federal Reserve’s preferred measure of inflation. The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates.

        For more information on the PCE price index, see:
        U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA)
        U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index
        U.S. Bureau of Economic Analysis, Prices & Inflation
        U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index

        Suggested Citation:

        U.S. Bureau of Economic Analysis, Personal Consumption Expenditures: Chain-type Price Index [PCEPI], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCEPI, April 11, 2025.

        Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)  (PCEPILFE)

        Source: U.S. Bureau of Economic Analysis  

        Release: Personal Income and Outlays  

        Units:  Index 2017=100, Seasonally Adjusted

        Frequency:  Monthly

        Notes:

        BEA Account Code: DPCCRG

        The Personal Consumption Expenditures Price Index is a measure of the prices that people living in the United States, or those buying on their behalf, pay for goods and services. The change in the PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. For example, if car prices rise, car sales may decline while bicycle sales increase.

        The PCE Price Index is produced by the Bureau of Economic Analysis (BEA), which revises previously published PCE data to reflect updated information or new methodology, providing consistency across decades of data that's valuable for researchers. They also offer the series as a Chain-Type index and excluding food and energy products, as above. The PCE price index less food excluding food and energy is used primarily for macroeconomic analysis and forecasting future values of the PCE price index.

        The PCE Price Index is similar to the Bureau of Labor Statistics' consumer price index for urban consumers. The two indexes, which have their own purposes and uses, are constructed differently, resulting in different inflation rates.

        For more information on the PCE price index, see:
        U.S. Bureau of Economic Analysis, Guide to the National Income and Product Accounts of the United States (NIPA)
        U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Price Index
        U.S. Bureau of Economic Analysis, Prices & Inflation
        U.S. Bureau of Labor Statistics, Differences between the Consumer Price Index and the Personal Consumption Expenditure Price Index

        Suggested Citation:

        U.S. Bureau of Economic Analysis, Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) [PCEPILFE], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCEPILFE, April 11, 2025.

        Personal consumption expenditures: Food (chain-type price index)  (DFXARG3M086SBEA)

        Source: U.S. Bureau of Economic Analysis  

        Release: Personal Income and Outlays  

        Units:  Index 2017=100, Seasonally Adjusted

        Frequency:  Monthly

        Notes:

        BEA Account Code: DFXARG
        For more information about this series, please see http://www.bea.gov/national/.

        Suggested Citation:

        U.S. Bureau of Economic Analysis, Personal consumption expenditures: Food (chain-type price index) [DFXARG3M086SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/DFXARG3M086SBEA, April 11, 2025.

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        Personal Income and Outlays

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        Personal Consumption Expenditures: Chain-type Price Index

        Annual, Not Seasonally Adjusted Quarterly, Seasonally Adjusted

        Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)

        Percent Change from Quarter One Year Ago, Quarterly, Seasonally Adjusted

        Related Categories

        Consumer Price Indexes (CPI and PCE) Prices Price Indexes & Deflators National Income & Product Accounts National Accounts

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        Chained Headline Figure Personal Consumption Expenditures Consumption Expenditures Consumption Personal National Income and Product Accounts Bureau of Economic Analysis Inflation Price Index Indexes Price Seasonally Adjusted Monthly Nation Public Domain: Citation Requested United States of America Core Inflation Energy Food

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