August 2026 | Released September 30, 2026


+3.42 percent
PCE price index inflation
Aug 2025 to Aug 2026
+0.55 percent
Change in real PCE
Jul 2026 to Aug 2026
+0.24 percent
Change in personal income
Jul 2026 to Aug 2026


Expenditures and inflation


From July 2026 to August 2026:

  • Headline PCE price index inflation was 0.31 percent.
  • Core PCE price index inflation was 0.25 percent. This excludes food and energy prices, which tend to be more volatile.
  • All services inflation was 0.30 percent.
  • All goods inflation was 0.33 percent.
    • Durable goods inflation was 0.07 percent.
    • Nondurable goods inflation was 0.47 percent.


  • Real personal consumption expenditures (PCE) increased by 0.55 percent, or $92.82 billion.
  • Real PCE on all services increased by 0.20 percent, or $22.27 billion.
  • Real PCE on all goods increased by 1.33 percent, or $76.44 billion.
    • Real PCE on durable goods increased by 1.93 percent, or $41.97 billion.
    • Real PCE on nondurable goods increased by 1.02 percent, or $36.18 billion.


  • The nominal personal savings rate decreased by 0.5 percentage points to 4.1 percent.


From August 2025 to August 2026:

  • Headline PCE price index inflation was 3.42 percent, which is higher than the Federal Reserve’s target of 2 percent.
  • Core PCE price index inflation was 3.01 percent.