Deflator for: Personal consumption expenditures (PCE) (index; 2017 = 100) - United States - BEA - Quarterly
This series is part of the dataset: Deflators for US GDP and its components
Download Full Dataset (.xlsx)Latest updates. In the United States, the deflator for personal consumption expenditures was 128.21 in 2025-Q4, compared to 127.28 in 2025-Q3. This marks an increase of 0.73 percent.
Sample. This quarterly series has 316 observations in total. The period covered by the series stretches from March 1947 to December 2025.
History. Check out a few descriptive statistics computed on the whole sample: the deflator attained a maximum of 128.21 in December 2025; it reached a minimum of 11.56 in March 1947; it had an average value of 53.77.
Latest values
| Date | Value - Index |
|---|---|
| 2025-06-30 | 126.416 |
| 2025-09-30 | 127.284 |
| 2025-12-31 | 128.206 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Deflator for: Personal consumption expenditures (PCE) |
| Country | United States |
| Economic concept | Deflator |
| Data type | Price deflator |
| Seasonally adjusted | Yes |
| Rescaling | Index (2017 = 100) |
| Frequency | Quarterly |
| Unit | Index |
| Source | Bureau of Economic Analysis (BEA) |
| Source type | National statistical agency |
| Data licence | Open Data |
| Measure type | Level |
Series in the same data set
Discover the other time series included in this data set.
GDP
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Deflator for: Gross domestic product (GDP) (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
Main GDP components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Deflator for: Personal consumption expenditures (PCE) (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Gross private domestic investment (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Government consumption expenditures and gross investment (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
PCE components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Deflator for: Personal consumption expenditures (PCE): Goods (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Personal consumption expenditures (PCE): Goods: Durable goods (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Personal consumption expenditures (PCE): Goods: Nondurable goods (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Personal consumption expenditures (PCE): Services (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
Investment components
Net exports components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Deflator for: Exports (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Exports: Goods (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Exports: Services (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Imports (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Imports: Goods (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Imports: Services (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
Government spending components
| Series Name | Observations | Start Date | End Date |
|---|---|---|---|
| Deflator for: Government consumption expenditures and gross investment: Federal (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Government consumption expenditures and gross investment: Federal: National defense (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Government consumption expenditures and gross investment: Federal: Nondefense (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |
| Deflator for: Government consumption expenditures and gross investment: State and local (index; 2017 = 100) - United States - BEA - Quarterly | 316 | 1947-03-31 | 2025-12-31 |