Core PCE

Personal-consumption inflation excluding food and energy.

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CURRENT3.12%% YoY • September 2026

PRIOR MOVE+0.09 ppvs prior month

VS YEAR AGO+0.30 ppchange in displayed metric

10-YEAR POSITION66thpercentile rank

Core PCE history

% YoY • normalized monthly

121 plotted periodsLatest: 3.12%

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Sep 2026: 3.12 % YoY

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View chart data (121 periods)

WHY IT MATTERS

Core PCE is the Federal Reserve's preferred underlying inflation gauge and is central to monetary-policy expectations.

The current 5-year z-score is -0.60, with a 10-year displayed-metric range of 0.97% to 5.64%.

SOURCE & METHOD

Verified data, calculated server-side.

Source: FRED, series PCEPILFE. Values are displayed in % YoY.

Historical coverage begins January 1959. Daily and weekly observations are averaged within each calendar month for this page chart.

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Related indicators

Keep following the chain

InflationCPIConsumer price inflation across a broad basket of goods and services.RatesFed FundsThe effective overnight federal funds rate in the U.S. banking system.Rates10Y TreasuryMarket yield on the benchmark 10-year U.S. Treasury security.

GO DEEPER

Test the relationship yourself.

Start with Core PCE as X and CPI as Y, using level values. Change either indicator, transformation, or date range in Research Lab, then run your analysis.

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