$USPCEPIMC -U.S Price Index (January/2025)

USPCEPIMC 0.3%
(January/2025)
source: U.S. Bureau of Economic Analysis


- The US Personal Consumption Expenditures (PCE) price index increased by 0.3% month-over-month in January 2025, the same pace as in December, and in line with expectations.
Prices for goods increased 0.5%, following a 0.1% rise in December and prices for services rose at a slower 0.2%, after a 0.4% gain in the previous month.
Meanwhile, the core PCE index, which excludes volatile food and energy prices, rose 0.3%, slightly above the 0.2% gain recorded in the previous month, and also matching forecasts.
Food prices went up 0.3%, higher than 0.2% in December while cost of energy eased (1.3% vs 2.4%). On a year-over-year basis, headline PCE inflation eased to 2.5% from 2.6%, marking its first slowdown in four months. Similarly, core PCE inflation declined to 2.6%, its lowest level in seven months, from an upwardly revised 2.9%.