Snapshot of the latest US PCE inflation print, goods vs services, and near-term policy-relevant momentum.
Period: 2026-01 · Source: BEA – PCE · Frequency: Monthly
Primary trend view for core PCE and its goods vs services breakdown.
Year-over-year core PCE inflation (ex food & energy). Persistent readings above ~2% signal underlying price pressure; sustained declines suggest easing inflation momentum.
Year-over-year goods inflation. More cyclical and supply-sensitive; sharp moves often reflect commodity swings or demand shifts.
Year-over-year services inflation. Typically stickier than goods; persistent strength is closely watched by the Fed.
Latest component inflation rates using seasonally adjusted YoY and MoM values from mart.
| Component | YoY (SA) | MoM (SA) |
|---|---|---|
| Energy | -0.80% | -1.73% |
| Food | 2.04% | 0.23% |
| Goods | 1.29% | 0.05% |
| Services | 3.54% | 0.38% |
| Component | YoY (SA) | MoM (SA) |
|---|---|---|
| Core (ex Food & Energy) | 3.06% | 0.36% |
| Housing | 3.21% | 0.23% |
Forward-looking signals from the PCE consensus and model scorecard.