Personal Consumption Expenditure (PCE)

The Bureau of Economic Analysis releases PCE monthly. PCE is the most comprehensive measure of consumer spending and the largest component of GDP (about two-thirds!). It’s made up of goods and services – and it’s also the Fed’s preferred measure of inflation.

The latest figure for November Headline PCE came in at 5.5% YoY which was slightly lower than October’s figure. Core PCE for November was at 4.7%, which was as forecast.