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PCE Price Index (USD)

The headline Personal Consumption Expenditures price index published by BEA.

Latest reading: 0.8 (2016-05-31)  ·  %YoY

Category: Economy

API Endpoint

/api/v1/announcements/usd/pce

Use the production OpenAPI schema for the authoritative REST route metadata.

https://fxmacrodata.com/api/openapi.json

Browse the full endpoint reference

Compare PCE Price Index across all supported currencies →

About PCE Price Index (USD)

Personal Consumption Expenditures (PCE) is a broad price index for the United States economy that covers all goods and services consumed by households. The Federal Reserve prefers PCE over CPI as its primary inflation gauge.

Why FX traders watch it

Because the Fed targets 2% PCE inflation, surprises in this release can directly reprice Federal Funds rate expectations and drive significant moves in the usd. It is typically released as part of the monthly Personal Income and Outlays report.

How to interpret the data

PCE above 2% (year-on-year) signals the Fed may need to hold rates higher for longer, supporting the usd. A rapid decline toward or below 2% increases the likelihood of rate cuts, which is usd-negative.

Historical PCE Price Index (USD)

Source: BEA  ·  Monthly  ·  %YoY

Data provided by FXMacroData via the /api/v1/announcements/usd/pce endpoint. For access, see pricing.

Data Source

Primary Source

BEA

Official Series ID

PCEPI

Data Format and Properties

Data Frequency

Monthly

Unit of Measure

%YoY

JSON Response Structure

The endpoint returns a chronological list of observations in JSON format. 

{
    "currency": "USD",
    "indicator": "pce",
    "has_official_forecast": false,
    "start_date": "2023-01-01",
    "end_date": "2023-12-31",
    "data": [
        {
            "date": "2024-07-01",
            "val": 4.2,
            "announcement_datetime": 1722456000
        }
    ]
}

Request Parameters & Usage

Parameter Required Format Description
start_date NO YYYY-MM-DD Optional lower bound for the requested history.
end_date NO YYYY-MM-DD Optional upper bound. Defaults to the current date.
api_key CONDITIONAL string Required for non-USD announcement requests. USD announcement requests are public without an API key.

Example Usage

To retrieve PCE Price Index data for USD from 2023: 

GET https://fxmacrodata.com/api/v1/announcements/usd/pce?start_date=2023-01-01&end_date=2023-12-31

Frequently Asked Questions

Why does the Fed prefer PCE over CPI?
PCE covers a broader range of expenditures, adjusts weights dynamically as consumers substitute goods, and tends to run slightly below CPI—making it a more stable policy anchor.