The price index for consumer spending in the United States increased 0.4 percent in January of 2017 from December 2016, following 0.2 percent rise in the previous period. It was the biggest increase since February 2013. Cost of goods went up 0.9 percent (0.1 percent in December) and prices of services increased 0.2 percent (at the same pace as in December). Compared to the same month a year earlier, the PCE price index went up 1.9 percent, following 1.6 percent in the previous month. Excluding food and energy, prices increased 0.3 percent, above market expectations of 0.2 percent. Year-on-year, core price index rose 1.7 percent. Pce Price Index in the United States averaged 59.87 Index Points from 1959 until 2017, reaching an all time high of 112.08 Index Points in January of 2017 and a record low of 17.12 Index Points in January of 1959.
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In the United States, the Personal Consumption Expenditure Price Index provides a measure of the prices paid for domestic purchases of goods and services. While the Consumer Price Index assumes a fixed basket of goods and uses expenditure weights that do not change over time for several years, the Personal Consumption Expenditure Price Index uses a chain index and resorts on expenditure data from the current period and the preceding period (known as Fisher Price Index). This page provides the latest reported value for – United States Personal Consumption Expenditure Price Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Personal Consumption Expenditure Price Index – actual data, historical chart and calendar of releases – was last updated on March of 2017.