Personal Consumption Expenditures Prices (QoQ)

Personal Consumption Expenditures, released by US Department of Commerce, measures price changes in consumer goods and services. Personal consumption expenditures consist of the actual and imputed expenditures of households; the measure includes data pertaining to durables, non-durables and services. It is essentially a measure of goods and services targeted toward individuals and consumed by individuals.

Next event - Thursday 27 March 2025 12:30

Previous
2.4%
Forecast
2.4%
Actual
-

The typical/expected impact on USD pairs is medium.

The consensus forecast for Personal Consumption Expenditures Prices (QoQ) is 2.4%. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Most recent - Thursday 27 February 2025 13:30

Previous
2.3%
Revised
-
Forecast
2.3%
Actual
2.4%

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Trading range

Forecast history

The most recent announced value for Personal Consumption Expenditures Prices (QoQ) was 2.4% against a forecast of 2.3%.

Past events

Date
Forecast
Actual
Thursday 27 February 2025 13:30
2.3%
2.4%
Thursday 30 January 2025 13:30
-
2.3%
Thursday 19 December 2024 13:30
1.5%
1.5%
Wednesday 27 November 2024 13:30
1.5%
1.5%
Wednesday 30 October 2024 12:30
-
1.5%
Thursday 26 September 2024 12:30
2.5%
2.5%
Thursday 29 August 2024 12:30
2.6%
2.5%
Thursday 25 July 2024 12:30
-
2.6%
Thursday 27 June 2024 12:30
3.3%
3.4%
Thursday 30 May 2024 12:30
-
3.3%
Thursday 25 April 2024 12:30
-
3.4%
Thursday 28 March 2024 12:30
1.8%
1.8%
Wednesday 28 February 2024 13:30
1.7%
1.8%
Thursday 25 January 2024 13:30
-
1.7%
Thursday 21 December 2023 13:30
2.8%
2.6%
Wednesday 29 November 2023 13:30
2.9%
2.8%
Thursday 26 October 2023 12:30
-
2.9%
Thursday 28 September 2023 12:30
2.5%
2.5%
Wednesday 30 August 2023 12:30
2.6%
2.5%
Thursday 27 July 2023 12:30
-
2.6%
Thursday 29 June 2023 12:30
4.2%
4.1%
Thursday 25 May 2023 12:30
4.2%
4.2%
Thursday 27 April 2023 12:30
0.5%
4.2%
Thursday 30 March 2023 12:30
3.7%
3.7%
Thursday 23 February 2023 13:30
3.2%
3.7%
Thursday 26 January 2023 13:30
4.3%
3.2%
Thursday 22 December 2022 13:30
4.3%
4.3%
Wednesday 30 November 2022 13:30
4.2%
4.3%
Thursday 27 October 2022 12:30
7.9%
4.2%
Thursday 29 September 2022 12:30
7.1%
7.3%
Thursday 25 August 2022 12:30
7.1%
7.1%
Thursday 28 July 2022 12:30
6.1%
7.1%
Wednesday 29 June 2022 12:30
7%
7.1%
Thursday 26 May 2022 12:30
7%
7%
Thursday 28 April 2022 12:30
5.9%
7%
Wednesday 30 March 2022 12:30
6.3%
6.4%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next Personal Consumption Expenditures Prices (QoQ) result:

PreviousLatest
Durable Goods OrdersBearish change3.3%0.9%
Durable Goods Orders ex DefenseBearish change3.7%0.8%
Durable Goods Orders ex TransportationBullish change0.1%0.7%
Nondefense Capital Goods Orders ex AircraftBearish change0.9%-0.3%
New Home Sales Change (MoM)Bullish change-6.9%1.8%
Housing Price Index (MoM)Bearish change0.5%0.2%
S&P Global Composite PMIBullish change51.653.5
S&P Global Manufacturing PMIBearish change52.749.8
S&P Global Services PMIBullish change5154.3
Existing Home Sales Change (MoM)Bullish change-4.7%4.2%
Initial Jobless ClaimsBearish change220K223K
Philadelphia Fed Manufacturing SurveyBearish change18.112.5
Fed Interest Rate Decision(no change)4.5%4.5%
Interest Rate Projections - 1st yearBearish change3.9%3.4%
Interest Rate Projections - 2nd yearBearish change3.4%3.1%
Interest Rate Projections - CurrentBearish change4.4%3.9%
Interest Rate Projections - Longer(no change)3%3%
Industrial Production (MoM)Bullish change0.3%0.7%
Building Permits (MoM)Bearish change1.473M1.456M
Housing Starts (MoM)Bullish change1.35M1.501M
NY Empire State Manufacturing IndexBearish change5.7-20
Retail Sales (MoM)Bullish change-1.2%0.2%
Retail Sales Control GroupBullish change-1%1%
Retail Sales ex Autos (MoM)Bullish change-0.6%0.3%
Michigan Consumer Sentiment IndexBearish change64.757.9
UoM 5-year Consumer Inflation ExpectationBullish change3.5%3.9%
Initial Jobless ClaimsBullish change222K220K
Producer Price Index (MoM)Bearish change0.6%0%
Producer Price Index (YoY)Bearish change3.7%3.2%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%-0.1%
Producer Price Index ex Food & Energy (YoY)Bearish change3.6%3.4%
Monthly Budget StatementBearish change$-129B$-307B

About Personal Consumption Expenditures Prices (QoQ)

Country:United States
Currency:USD
Source:US Bureau of Economic Analysis
Category:Consumption
Frequency:Quarterly
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