Morningstar

September PCE Report: Index Up 2.8%, in Line with Expectations

The PCE Price Index increased 0.27% in September.

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Illustration of capital building with bubbles of currency inflating

The September Personal Consumption Expenditures Price Index increased in line with expectations, up 2.8% from year-ago levels. When volatile food and energy costs are factored out, the Federal Reserve’s preferred measure of inflation also increased 2.8% from one year ago, in line with expectations.

The PCE Price Index increased 0.27% from month-ago levels. Excluding food and energy, the index increased 0.2%.

September PCE Inflation Report Highlights

  • The PCE Price Index rose 0.27% in September, above the FactSet consensus forecast for a 0.21% increase and following an increase of 0.26% in August.
  • Core PCE rose 0.20% in September, in line with forecasts and following an increase of 0.23% in August.
  • The PCE Price Index year over year rose 2.8% in September, in line with forecasts and following an increase of 2.7% in August.
  • Core PCE rose 2.8% year over year in September, in line with forecasts and following an increase of 2.9% in August.

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