A U.S. report which states the average increase in prices for all domestic personal consumption items. The Core PCE Price Index is a less volatile report than the PCE Price Index in that it does not include more volatile food and energy prices.

What is the Core PCE price index?

The "core" PCE price index is defined as personal consumption expenditures (PCE) prices, excluding food and energy prices. The core PCE price index measures the fees paid by consumers for goods and services without the volatility caused by movements in food and energy prices to reveal underlying inflation trends. Food prices consist of those included in the PCE category of "food and beverages purchased for off-premises consumption." Fees included in the PCE category "food services and accommodations" are not included in the "food" price index. These services prices tend to be far less volatile than food commodities such as meats, fresh vegetables, and fruits. Energy prices are included in the PCE categories of "gasoline and other energy goods" and "electricity and gas" utilities. All PCE prices appear in NIPA Table 2.3.4. Price Indexes for Personal Consumption Expenditures by Major Type of Product. A table showing PCE food and energy composition are shown in "Composition of PCE food and energy."