Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (PCEPILFE)
Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) — Historical Chart
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Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (FRED series PCEPILFE) is a monthly economic indicator measured in index 2017=100. The series is published through FRED, the Federal Reserve Bank of St. Louis economic database, with history going back to 1959. Values are seasonally adjusted, smoothing out predictable calendar effects so that underlying trends are easier to see.
Why it matters: Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) is one of the indicators traders, economists, and policymakers watch within the economic complex. Analysts use it to track conditions in the US economy and to anticipate shifts in growth, inflation, and policy.
How to read it: focus on the direction and persistence of changes rather than any single monthly print. Comparing the latest value against its level a year ago, and against its long-run range since 1959, gives a better sense of whether the series is signaling acceleration, deceleration, or a turning point.
About This Series
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)
Recent Data
| Date | Value (Index 2017=100) | Change |
|---|---|---|
| April 1, 2026 | 129.63 | +0.31 |
| March 1, 2026 | 129.32 | +0.42 |
| February 1, 2026 | 128.90 | +0.51 |
| January 1, 2026 | 128.39 | +0.5 |
| December 1, 2025 | 127.89 | +0.42 |
| November 1, 2025 | 127.47 | +0.23 |
| October 1, 2025 | 127.24 | +0.29 |
| September 1, 2025 | 126.95 | +0.24 |
| August 1, 2025 | 126.71 | +0.28 |
| July 1, 2025 | 126.43 | +0.31 |
| June 1, 2025 | 126.12 | +0.51 |
| May 1, 2025 | 125.61 | +0.27 |
Frequently Asked Questions
What is Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) today?
The latest value of Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (PCEPILFE) is shown at the top of this page, along with its observation date and the change from the prior reading. Data is sourced from FRED and refreshed regularly.
How often is Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) updated?
Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) is reported monthly (Monthly). New observations appear on FRED shortly after the source agency releases them, and this page updates daily.
What does a rising Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) mean?
A sustained rise in Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) signals strengthening readings in this economic measure, in index 2017=100. Whether that is positive or negative for markets depends on context — compare the move against the series’ trend and related indicators in the same category.
Where does the PCEPILFE data come from?
The data comes from FRED® (Federal Reserve Economic Data), maintained by the Federal Reserve Bank of St. Louis, under series ID PCEPILFE. History is available back to 1959.
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- Average Weekly Hours of Production and Nonsupervisory Employees, Manufacturing41.6
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- Business Applications: Total for All NAICS in the United States523,971
- ICE BofA US Corporate Index Option-Adjusted Spread0.75
Data sourced from FRED®, Federal Reserve Bank of St. Louis: Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index) (PCEPILFE). Retrieved from fred.stlouisfed.org. Last updated May 28, 2026.