| Sep 2026 | Aug 2026 | Chg. from Aug 2026 | |
|---|---|---|---|
| Income and outlays growth (m/m) | |||
| Real Disposable Personal Income | -0.27% | 0.01% | -0.28pp |
| Real Personal Consumption Expenditures | 0.02% | 0.55% | -0.53pp |
| Month-over-month PCE inflation | |||
| Headline | 0.49% | 0.32% | +0.17pp |
| Core | 0.32% | 0.26% | +0.06pp |
| Year-over-year PCE inflation | |||
| Headline | 3.65% | 3.44% | +0.21pp |
| Core | 3.12% | 3.03% | +0.09pp |
| Cleveland Fed forecast | Actual | Forecast error | |
|---|---|---|---|
| Month-over-month PCE inflation | |||
| Headline | 0.47% | 0.49% | -0.02pp |
| Core | 0.28% | 0.32% | -0.04pp |
| Year-over-year PCE inflation | |||
| Headline | 3.60% | 3.65% | -0.05pp |
| Core | 3.05% | 3.12% | -0.07pp |
| Expenditure category | Sep 2026 | Aug 2026 | Chg. from Aug 2026 | Sep 2025 | Chg. from Sep 2025 |
|---|---|---|---|---|---|
| Housing and utilities |
$4,029.0B (17.94%) |
$4,011.2B (17.96%) |
+0.44% (-0.01pp) |
$3,845.1B (18.20%) |
+4.78% (-0.26pp) |
| Health care |
$3,871.2B (17.24%) |
$3,858.2B (17.27%) |
+0.34% (-0.03pp) |
$3,634.3B (17.20%) |
+6.52% (+0.04pp) |
| Financial services and insurance |
$1,807.4B (8.05%) |
$1,796.3B (8.04%) |
+0.62% (+0.01pp) |
$1,683.9B (7.97%) |
+7.34% (+0.08pp) |
| Food services and accommodations |
$1,610.5B (7.17%) |
$1,595.0B (7.14%) |
+0.97% (+0.03pp) |
$1,512.6B (7.16%) |
+6.47% (+0.01pp) |
| Food and beverages purchased for off-premises consumption |
$1,572.2B (7.00%) |
$1,570.6B (7.03%) |
+0.10% (-0.03pp) |
$1,532.5B (7.25%) |
+2.59% (-0.25pp) |
| Motor vehicles and parts |
$795.9B (3.54%) |
$809.9B (3.63%) |
-1.73% (-0.08pp) |
$778.0B (3.68%) |
+2.30% (-0.14pp) |
| Transportation services |
$788.8B (3.51%) |
$770.4B (3.45%) |
+2.39% (+0.06pp) |
$714.9B (3.38%) |
+10.33% (+0.13pp) |
| Recreational goods and vehicles |
$765.4B (3.41%) |
$765.4B (3.43%) |
0.00% (-0.02pp) |
$695.3B (3.29%) |
+10.08% (+0.12pp) |
| Pharmaceutical and other medical products |
$763.7B (3.40%) |
$759.9B (3.40%) |
+0.50% (-0.00pp) |
$745.9B (3.53%) |
+2.38% (-0.13pp) |
| Clothing and footwear |
$608.1B (2.71%) |
$607.4B (2.72%) |
+0.11% (-0.01pp) |
$564.6B (2.67%) |
+7.71% (+0.04pp) |
| Gasoline and other energy goods |
$547.3B (2.44%) |
$501.6B (2.25%) |
+9.11% (+0.19pp) |
$424.7B (2.01%) |
+28.87% (+0.43pp) |
| Furnishings and durable household equipment |
$537.1B (2.39%) |
$536.5B (2.40%) |
+0.11% (-0.01pp) |
$502.3B (2.38%) |
+6.91% (+0.01pp) |
| Education services |
$375.5B (1.67%) |
$373.9B (1.67%) |
+0.44% (-0.00pp) |
$366.4B (1.73%) |
+2.49% (-0.06pp) |
| Communication |
$329.3B (1.47%) |
$329.9B (1.48%) |
-0.17% (-0.01pp) |
$318.7B (1.51%) |
+3.35% (-0.04pp) |
| All other expenditures |
$4,051.5B (18.04%) |
$4,053.5B (18.14%) |
-0.05% (-0.10pp) |
$3,807.3B (18.02%) |
+6.41% (+0.02pp) |
Note: Each month column shows the nominal dollar amount at a seasonally adjusted annual rate (SAAR) for each expenditure category and its share of total expenditure in parentheses. In the gray “change” columns, the percent value indicates the change in the annualized dollar amount over the period, and the percentage-point value in parentheses indicates the change in that category’s share of total expenditure over the period.
| Date | Time | Release | Data source |
|---|---|---|---|
| Nov 04 | 08:30 AM | Monthly Trade Update, September 2026 | Bureau of Economic Analysis |
| Nov 06 | 08:30 AM | Monthly Employment Update, October 2026 | Bureau of Labor Statistics |
| Nov 06 | 10:00 AM | Monthly Debt Update, November 2026 | U.S. Treasury |
| Nov 10 | 08:30 AM | Monthly Inflation Update, October 2026 | Bureau of Labor Statistics |
| Nov 13 | 10:00 AM | Monthly Fiscal Update, October 2026 | U.S. Treasury |
| Nov 20 | 10:00 AM | State Employment and Unemployment, October 2026 | Bureau of Labor Statistics |
| Nov 25 | 08:30 AM | Monthly Expenditures Update, October 2026 | Bureau of Economic Analysis |
| Nov 25 | 08:30 AM | Monthly GDP Update, Q3 2026 Second Estimate | Bureau of Economic Analysis |
Source: Bureau of Economic Analysis; JEC Republicans calculations
“pp” = percentage points; “M/M” = month over month; “Y/Y” = year over year
Consistent with the Bureau of Economic Analysis, monthly figures are seasonally adjusted. Discrepancy in change figures is possible due to rounding.