Why does the Fed prefer PCE over CPI?

PCE covers a broader basket and adjusts for substitution between goods, which the Fed considers a better measure of the cost of living over time.

When is PCE released?

Monthly at 8:30 AM ET, typically in the final week of the month.

PCE

PCE Release Date & Personal Income and Outlays Calendar

Next PCE inflation release date and time in ET, consensus forecasts, previous results and why the Fed's preferred inflation gauge matters for rate expectations.

Last updated Oct 4, 2026 at 7:46 PM ET

Next release: To be scheduled
Release time: 8:30 AM ET
Published by: Bureau of Economic Analysis (BEA)
Frequency: Monthly, usually at the end of the month

Upcoming PCE releases

The next PCE release has not been scheduled by Bureau of Economic Analysis (BEA) yet.

Recent PCE results

THURSDAY · APR 9

3 releases

8:30 AM ET
Real Personal Spending MoMLow Impact
Forecast -Previous 0%Actual 0.1%
8:30 AM ET
Personal Spending MoMHigh Impact
Forecast 0.5%Previous 0.3%Actual 0.5%
8:30 AM ET
Personal Income MoMHigh Impact
Forecast 0.3%Previous 0.4%Actual -0.1%

THURSDAY · APR 30

9 releases

8:30 AM ET
Real Personal Spending MoMLow Impact
Forecast -Previous 0.3%Actual 0.2%
8:30 AM ET
Personal Spending MoMHigh Impact
Forecast 0.9%Previous 0.6%Actual 0.9%
8:30 AM ET
Personal Income MoMHigh Impact
Forecast 0.3%Previous 0%Actual 0.6%
8:30 AM ET
PCE Prices QoQ AdvLow Impact
Forecast -Previous 2.9%Actual 4.5%
8:30 AM ET
PCE Price Index YoYMedium Impact
Forecast 3.5%Previous 2.8%Actual 3.5%
8:30 AM ET
PCE Price Index MoMMedium Impact
Forecast 0.7%Previous 0.4%Actual 0.7%
8:30 AM ET
Core PCE Prices QoQ AdvLow Impact
Forecast 4.1%Previous 2.7%Actual 4.3%
8:30 AM ET
Core PCE Price Index YoYLow Impact
Forecast 3.2%Previous 3%Actual 3.2%
8:30 AM ET
Core PCE Price Index MoMHigh Impact
Forecast 0.3%Previous 0.4%Actual 0.3%

Why PCE matters

The Personal Income and Outlays report contains the PCE price index, the inflation measure the Federal Reserve targets.

It also covers household income and spending, so it doubles as a consumer-demand read alongside its inflation content.

What traders watch

• Core PCE trend
• Services inflation
• Real consumer spending

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