+3.50
percent
PCE price index
inflation
Mar 2025 to Mar
2026
+0.24
percent
Change in real
PCE
Feb 2026 to Mar
2026
+0.56
percent
Change in personal
income
Feb 2026 to Mar
2026
Expenditures and inflation
From February 2026 to March 2026:
- Headline PCE price index inflation was 0.66
percent.
- Core PCE price index inflation was 0.29 percent.
This excludes food and energy prices, which tend to be more
volatile.
- All services inflation was 0.32 percent.
- All goods inflation was 1.43 percent.
- Durable goods inflation was 0.42 percent.
- Nondurable goods inflation was 1.98 percent.
- Real personal consumption expenditures (PCE) increased by
0.24 percent, or $39.57 billion.
- Real PCE on all services increased by 0.10 percent,
or $10.63 billion.
- Real PCE on all goods increased by 0.55 percent, or
$31.34 billion.
- Real PCE on durable goods increased by 0.94
percent, or $20.12 billion.
- Real PCE on nondurable goods increased by 0.35
percent, or $12.28 billion.
- The nominal personal savings rate decreased by 0.3
percentage points to 3.6 percent.
From March 2025 to March 2026:
- Headline PCE price index inflation was 3.50
percent, which is higher than the Federal Reserve’s target of 2
percent.
- Core PCE price index inflation was 3.20
percent.