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Core PCE (ex Food/Energy)

Core PCE excluding food and energy, the single most important inflation metric for the Fed.

ByConvex Research Desk·Edited byBen Bleierⓘ·

The Core PCE (ex Food/Energy) is currently 129.28, last updated .

129.28
1W +0.29%1M +0.29%3M +0.29%
Updated 5h ago
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Statistical forecast 2026
Model-based central estimate, 68% and 95% confidence bands for Core PCE (ex Food/Energy), blended across current macro regimes.
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Download dataCSV (full history)·JSON (latest)·View on FRED ↗
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Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.

Updated 5h ago

Recent Data

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DateValueChange
Mar 1, 2026129.28+0.29%
Feb 1, 2026128.9+0.37%
Jan 1, 2026128.43+0.42%
Dec 1, 2025127.89+0.33%
Nov 1, 2025127.47+0.18%
Oct 1, 2025127.24+0.23%
Sep 1, 2025126.95+0.19%
Aug 1, 2025126.71+0.22%
Jul 1, 2025126.43+0.25%
Jun 1, 2025126.12+0.26%
May 1, 2025125.79+0.23%
Apr 1, 2025125.5+0.19%
Mar 1, 2025125.27+0.10%
Feb 1, 2025125.15+0.45%
Jan 1, 2025124.59+0.31%
Dec 1, 2024124.2+0.19%
Nov 1, 2024123.96+0.10%
Oct 1, 2024123.83+0.30%
Sep 1, 2024123.47+0.27%
Aug 1, 2024123.13+0.18%
Jul 1, 2024122.91+0.19%
Jun 1, 2024122.68+0.24%
May 1, 2024122.38+0.06%
Apr 1, 2024122.3—

Related in Inflation

CPI (All Urban)
Consumer Price Index for all urban consumers, the headline inflation gauge.
US CPI YoY (OECD MEI, legacy)
US consumer price index, year-on-year change (OECD MEI). Feed stopped updating in April 2025; CPIAUCNS_YOY is the live replacement.
US CPI YoY
US headline CPI year-over-year, derived in-house from CPIAUCNS (NSA, BLS headline methodology). Replaced the stale OECD MEI CPALTT01USM659N feed.
Core CPI (ex Food/Energy)
CPI excluding food and energy, less volatile measure of underlying inflation.

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Frequently Asked Questions

▶What is Core PCE (ex Food/Energy)?
Core PCE excluding food and energy, the single most important inflation metric for the Fed.
▶How does Core PCE (ex Food/Energy) relate to inflation?
Core PCE (ex Food/Energy) is part of the Inflation category. Inflation erodes purchasing power and forces central banks to tighten, squeezing equity multiples and increasing credit stress. Breakeven rates reveal what the bond market expects for future inflation, while CPI and PCE measure what consumers actually experience. Divergences between market expectations and realized prints create some of the highest-impact trading events of the year.
▶How often is Core PCE (ex Food/Energy) updated?
Core PCE (ex Food/Energy) is updated once per month when the releasing agency publishes new data. Each metric page on Convex shows the exact time of the last data update and provides historical data going back up to five years.
▶Where does Convex source Core PCE (ex Food/Energy) data?
Convex sources Core PCE (ex Food/Energy) data from the Federal Reserve Economic Data (FRED) API, maintained by the Federal Reserve Bank of St. Louis. Data is fetched automatically and displayed alongside interactive charts, AI analysis, and historical context.
▶What can I do on the Core PCE (ex Food/Energy) chart page?
The Core PCE (ex Food/Energy) page includes an interactive chart with selectable time ranges (1 month to 5 years), percentage changes over multiple timeframes, a table of recent readings, AI-generated analysis, and links to related metrics and comparisons.
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Data sourced from FRED, CoinGecko, CBOE, CFTC, and EIA. Updated monthly. This page is for informational purposes only and does not constitute financial advice.