The Personal Consumption Expenditures (PCE) price index in the United States saw a slight decline in its month-over-month growth in November 2025. Updated data released on January 22, 2026, confirms that the PCE price index decelerated to 0.2%, down from a 0.3% increase the previous month of October.
This subtle decline indicates a slight easing in inflation pressures, as measured by consumer spending patterns, marking a shift in the pace of economic changes. The PCE price index is a crucial indicator monitored by policymakers, as it reflects fluctuations in the cost of goods and services purchased by consumers, excluding food and energy prices due to their volatility.
The reduction from October's 0.3% gain is being observed closely by the Federal Reserve and economists who continue to analyze the broader impacts of price changes on the U.S. economy. While a 0.1% shift may seem minor, it could signal the beginning of a moderation phase in inflation dynamics after a period of persistent price pressures. Economic stakeholders will be watching subsequent reports closely to determine if this trend is likely to continue.
