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Line 1 - Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average
Line 1
(a) Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average, Index 1982-1984=100, Seasonally Adjusted (CPILFESL)
The "Consumer Price Index for All Urban Consumers: All Items Less Food & Energy" is an aggregate of prices paid by urban consumers for a typical basket of goods, excluding food and energy. This measurement, known as "Core CPI," is widely used by economists because food and energy have very volatile prices. The Bureau of Labor Statistics defines and measures the official CPI, and more information can be found in the FAQ (https://www.bls.gov/cpi/questions-and-answers.htm) or in this article (https://www.bls.gov/opub/hom/pdf/cpihom.pdf).

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    Line 1 - Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average
    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

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      Line 1
      Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average
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      Line 2
      Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)
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      Notes

      Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average  (CPILFESL)

      Source: U.S. Bureau of Labor Statistics  

      Release: Consumer Price Index  

      Units:  Index 1982-1984=100, Seasonally Adjusted

      Frequency:  Monthly

      Notes:

      The "Consumer Price Index for All Urban Consumers: All Items Less Food & Energy" is an aggregate of prices paid by urban consumers for a typical basket of goods, excluding food and energy. This measurement, known as "Core CPI," is widely used by economists because food and energy have very volatile prices. The Bureau of Labor Statistics defines and measures the official CPI, and more information can be found in the FAQ or in this article.

      Suggested Citation:

      U.S. Bureau of Labor Statistics, Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average [CPILFESL], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/CPILFESL, April 5, 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 5, 2025.

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      Consumer Price Index
      Personal Income and Outlays

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      Consumer Price Index for All Urban Consumers: All Items Less Food and Energy in U.S. City Average

      Monthly, Not Seasonally Adjusted Semiannual, Not 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

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

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      More Series from Consumer Price Index More Series from Personal Income and Outlays

      Tags

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

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