FX.co ★ US PCE Prices Edge Up 0.2%, Meeting Expectations

In November 2025, the US Personal Consumption Expenditures (PCE) price index saw a month-over-month increase of 0.2%, maintaining the same growth rate as October and meeting market expectations. Goods prices picked up, showing a 0.2% rise following a 0.1% decline in the previous month, while the increase in service prices slowed to 0.2% from 0.3% in October. The Core PCE, excluding volatile food and energy prices, also rose by 0.2%, consistent with September's figures and forecast predictions. Meanwhile, food prices remained stagnant, and the costs related to energy goods and services jumped by 1.9%, recovering from a previous decline of 0.7%. On a year-over-year basis, headline PCE inflation climbed slightly to 2.8%, up from 2.7% in line with forecasts. Core PCE inflation followed a similar pattern, rising to 2.8% from October's 2.7%, matching analysts' expectations. The PCE index continues to serve as the Federal Reserve’s preferred gauge for measuring inflation.