Glossary

PCE price index

Also called personal consumption expenditures price index, core PCE

The personal consumption expenditures price index, published monthly by the Bureau of Economic Analysis; the Fed's 2% inflation goal is set on it.

Why watch PCE when there is CPI?

The PCE index covers a broader mix of household spending and reflects consumers switching to cheaper goods, so it can differ from CPI in the same month.

The Fed defines its inflation goal as 2% a year on PCE and pays particular attention to core PCE, without food and energy.

Whalegun's economic data page shows PCE and core PCE with their release dates.