PCE inflation for September rose 3.6% year-over-year, matching forecast

PCE inflation hit 3.6% annually in September, matching forecasts and up from August's 3.4%, as core inflation also ticked higher.

The PCE Price Index rose 3.6% year-over-year in September, matching the 3.6% forecast and up from August's 3.4%. On a monthly basis, prices rose 0.5%, also in line with the 0.5% forecast and above the prior reading of 0.3%.

PCE Price Index YoY — September: the release
ReadingActualForecastPrior
PCE Price Index YoY (Sep)3.6%3.6%3.4%
PCE Price Index MoM (Sep)0.5%0.5%0.3%
Core PCE Price Index YoY (Sep)3.1%3.1%3%
Personal Income MoM (Sep)0.2%0.3%0.3%
Personal Spending MoM (Sep)0.5%0.6%0.9%
Core PCE Price Index MoM (Sep)0.3%0.3%0.3%

Source: Economic calendar: the official release, the consensus forecast and the prior reading · as of October 29, 2026 at 8:30 AM ET · Released at 8:30 AM ET on Thursday, October 29, 2026.

The details

Core PCE, which excludes food and energy, rose 3.1% year-over-year in September, matching the 3.1% forecast and up from 3% prior. Monthly core PCE rose 0.3%, in line with the 0.3% forecast and unchanged from the prior reading.

Personal income rose 0.2% in September, below the 0.3% forecast and below the prior 0.3% reading. Personal spending rose 0.5%, below the 0.6% forecast and down from August's 0.9% increase.

In context

No historical chart data is stored for this measure. Compared with the prior month, the annual PCE reading climbed from 3.4% in August to 3.6% in September, while core PCE edged up from 3% to 3.1% over the same period.

How markets took it

Ahead of the opening bell, S&P 500 futures were down 0.38% at 7,754.00 and Nasdaq 100 futures fell 1.17% to 29,629.75 from the prior close. The 10-year Treasury yield slipped 0.54% to 5.017%.

Markets before the open
MarketLevelChange
S&P 500 futures7,754.00-0.38%
Nasdaq 100 futures29,629.75-1.17%
10-year Treasury yield5.017%-0.54%

Source: Index futures, index and Treasury yield quotes · as of October 29, 2026 at 8:36 AM ET · Read at 8:36 AM ET, before the regular session opened; change is from the prior close.

How this was made

Built from WiseView and market data. Drafted with AI assistance and reviewed by an editor before publishing. How this report is made

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