United States PCE Price Index Monthly Change

The US Personal Consumption Expenditures (PCE) price index increased by 0.3% month-over-month in February 2025, maintaining the same pace as the previous two months, and in line with expectations. Prices for goods rose 0.2%, below 0.5% in January and prices for services increased 0.4%, above 0.2% in the previous month. Meanwhile, the core PCE index, which excludes volatile food and energy prices, increased 0.4%, the most since January 2024, above 0.3% in the previous month and forecasts of 0.3%. Food prices steadied (vs 0.3% in January) while prices for energy goods and services were up 0.1%, after a 1.3% surge in January. Year-on-year, PCE prices rose 2.5%, the same as in January and matching forecasts but the core annual rate rose to 2.8%, above an upwardly revised 2.7% and forecasts of 2.7%