FX.co ★ US December PCE Inflation Accelerates to 0.4% Month‑on‑Month

The US Personal Consumption Expenditures (PCE) price index rose 0.4% month‑on‑month in December 2025, doubling the previous month’s pace and signaling a firmer pickup in inflation pressures. The reading, updated on 20 February 2026, compares with a 0.2% increase recorded in November 2025, based on month‑over‑month changes.

Under the comparison framework, the “actual” figure reflects the price change in December versus November, while the “previous” figure captures November’s change relative to October. The move from 0.2% to 0.4% indicates that consumer prices grew more rapidly at the end of the year, a development that will be closely watched by market participants and policymakers as they assess the trajectory of US inflation heading into 2026.