PLANETARYINSIGHTS

    Real GDP growth 2026 full year 2.1 2.4 ▲ EIAReal GDP growth 2027 full year 2.6 2.8 ▲ EIAHeadline PCE inflation 2026 Q4 3.95 3.94 ▼ Cleveland FedHeadline CPI inflation 2026 Q4 4.24 4.40 ▲ Cleveland FedCore CPI inflation 2026 Q4 3.02 3.40 ▲ Cleveland FedCore PCE inflation 2026 Q4 3.33 3.38 ▲ Cleveland Fed

    U.S. core PCE inflation

    Projected change in PCE prices excluding food and energy.

    United States · %147 extracted figures7 institutions6 comparable groups

    Revisions on this metric

    23 on record
    2026-11-10Cleveland Fed 2026 Q4 · Quarterly annualized3.33→3.38
    2026-10-29Cleveland Fed 2026 Q4 · Quarterly annualized3.15→3.33
    2026-10-15Cleveland Fed 2026 Q3 · Quarterly annualized2.29→2.33
    2026-10-15Cleveland Fed 2026 Q4 · Quarterly annualized3.05→3.15
    2026-10-12NABE 2026 Q4 · Q4/Q43.2%→3.3%
    2026-10-01Cleveland Fed 2026 Q3 · Quarterly annualized3.00→2.29
    2026-08-26Cleveland Fed 2026 Q3 · Quarterly annualized3.18%→3.00
    2026-02-01CBO 2025 full year · Annual growth2.973→2.825
    2026-02-01CBO 2026 full year · Annual growth2.981→2.879
    2026-02-01CBO 2027 full year · Annual growth2.217→2.444
    2026-02-01CBO 2028 full year · Annual growth2.059→2.21
    2025-09-01CBO 2025 full year · Annual growth2.455→2.973
    2025-09-01CBO 2026 full year · Annual growth2.137→2.981
    2025-09-01CBO 2027 full year · Annual growth2.046→2.217
    2025-09-01CBO 2028 full year · Annual growth2.041→2.059
    2025-01-01CBO 2024 full year · Annual growth2.873→2.81
    2025-01-01CBO 2025 full year · Annual growth2.437→2.455
    2025-01-01CBO 2026 full year · Annual growth2.143→2.137
    2025-01-01CBO 2027 full year · Annual growth2.022→2.046
    2024-06-01CBO 2024 full year · Annual growth2.5→2.873
    2024-06-01CBO 2025 full year · Annual growth2.37→2.437
    2024-06-01CBO 2026 full year · Annual growth2.22→2.143
    2024-06-01CBO 2027 full year · Annual growth2.079→2.022

    2026 Q4 · Q4/Q4

    United States · 2 institutions
    2.40%2.80%3.20%CONSENSUSJUN 25JAN 26AUG 26Fannie Mae · 3.2 · 2026-08-13Fed · 2.4 · 2025-06-18Fed 2.4

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Fannie Mae2026 Q4“| Core PCE Chain Price Index (ex. Food & Energy) | 2.8 | 2.7 | 2.9 | 2.9 | 3.1 | 3.3 | 3.3 | 3.2 | 2.7 | 2.4 | 2.3 | 2.2 | 2.9 | 3.2 | 2.2 |” — Forecast table, Core PCE Chain Price Index, 2026 annual column · source ↗2026-08-133.2
    Fed2026 Q4“| Core PCE inflation [4](#xt1p1f4) | 3.1 | 2.4 | 2.1 |   | 2.9–3.4 | 2.3–2.7 | 2.0–2.2 |   | 2.5–3.5 | 2.1–3.2 | 2.0–2.9 |   |” — Table 1, Core PCE inflation, median row, 2026 column · source ↗2025-06-182.4

    Readout

    Consensus
    2.80%
    Spread
    +0.80%
    Low
    2.40%
    High
    3.20%
    Reporting
    2
    Basis
    Q4/Q4

    2026 full year · Annual growth

    United States · 2 institutions
    2.14%3.14%3.40%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 3.4 · 2026-09-11CBO · 2.879 · 2026-02-01CBO · 2.981 · 2025-09-01CBO · 2.137 · 2025-01-01CBO · 2.143 · 2024-06-01CBO · 2.22 · 2024-02-01CBO 2.22

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Fannie Mae2026 full year“| Core PCE Chain Price Index (ex. Food & Energy) | 2.8 | 2.7 | 2.9 | 2.9 | 3.1 | 3.4 | 3.4 | 3.4 | 2.9 | 2.6 | 2.5 | 2.3 | 2.9 | 3.4 | 2.3 |” — Table, Core PCE Chain Price Index row, 2026 annual column · source ↗2026-09-113.4
    CBO2026 full year“2026,core_pce_price_index_pct_change,2.879,projected” — economic_projections/calendar_2026-02.csv, core_pce_price_index_pct_change · source ↗2026-02-012.879
    CBO2026 full year“2026,core_pce_price_index_pct_change,2.981,projected” — economic_projections/calendar_2025-09.csv, core_pce_price_index_pct_change · source ↗2025-09-012.981
    CBO2026 full year“2026,core_pce_price_index_pct_change,2.137,projected” — economic_projections/calendar_2025-01.csv, core_pce_price_index_pct_change · source ↗2025-01-012.137
    CBO2026 full year“2026,core_pce_price_index_pct_change,2.143,projected” — economic_projections/calendar_2024-06.csv, core_pce_price_index_pct_change · source ↗2024-06-012.143
    CBO2026 full year“2026,core_pce_price_index_pct_change,2.22,projected” — economic_projections/calendar_2024-02.csv, core_pce_price_index_pct_change · source ↗2024-02-012.22

    Readout

    Consensus
    3.14%
    Spread
    +0.52%
    Low
    2.88%
    High
    3.40%
    Reporting
    2
    Basis
    Annual growth

    2027 full year · Annual growth

    United States · 2 institutions
    2.02%2.37%2.44%CONSENSUSFEB 24MAY 25SEPT 26Fannie Mae · 2.3 · 2026-09-11CBO · 2.444 · 2026-02-01CBO · 2.217 · 2025-09-01CBO · 2.046 · 2025-01-01CBO · 2.022 · 2024-06-01CBO · 2.079 · 2024-02-01CBO 2.079

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Fannie Mae2027 full year“| Core PCE Chain Price Index (ex. Food & Energy) | 2.8 | 2.7 | 2.9 | 2.9 | 3.1 | 3.4 | 3.4 | 3.4 | 2.9 | 2.6 | 2.5 | 2.3 | 2.9 | 3.4 | 2.3 |” — Table, Core PCE Chain Price Index row, 2027 annual column · source ↗2026-09-112.3
    CBO2027 full year“2027,core_pce_price_index_pct_change,2.444,projected” — economic_projections/calendar_2026-02.csv, core_pce_price_index_pct_change · source ↗2026-02-012.444
    CBO2027 full year“2027,core_pce_price_index_pct_change,2.217,projected” — economic_projections/calendar_2025-09.csv, core_pce_price_index_pct_change · source ↗2025-09-012.217
    CBO2027 full year“2027,core_pce_price_index_pct_change,2.046,projected” — economic_projections/calendar_2025-01.csv, core_pce_price_index_pct_change · source ↗2025-01-012.046
    CBO2027 full year“2027,core_pce_price_index_pct_change,2.022,projected” — economic_projections/calendar_2024-06.csv, core_pce_price_index_pct_change · source ↗2024-06-012.022
    CBO2027 full year“2027,core_pce_price_index_pct_change,2.079,projected” — economic_projections/calendar_2024-02.csv, core_pce_price_index_pct_change · source ↗2024-02-012.079

    Readout

    Consensus
    2.37%
    Spread
    +0.14%
    Low
    2.30%
    High
    2.44%
    Reporting
    2
    Basis
    Annual growth

    2027 Q4 · Q4/Q4

    United States · 2 institutions
    2.10%2.15%2.20%CONSENSUSJUN 25JAN 26AUG 26Fannie Mae · 2.2 · 2026-08-13Fed · 2.1 · 2025-06-18Fed 2.1

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Fannie Mae2027 Q4“| Core PCE Chain Price Index (ex. Food & Energy) | 2.8 | 2.7 | 2.9 | 2.9 | 3.1 | 3.3 | 3.3 | 3.2 | 2.7 | 2.4 | 2.3 | 2.2 | 2.9 | 3.2 | 2.2 |” — Forecast table, Core PCE Chain Price Index, 2027 annual column · source ↗2026-08-132.2
    Fed2027 Q4“| Core PCE inflation [4](#xt1p1f4) | 3.1 | 2.4 | 2.1 |   | 2.9–3.4 | 2.3–2.7 | 2.0–2.2 |   | 2.5–3.5 | 2.1–3.2 | 2.0–2.9 |   |” — Table 1, Core PCE inflation, median row, 2027 column · source ↗2025-06-182.1

    Readout

    Consensus
    2.15%
    Spread
    +0.10%
    Low
    2.10%
    High
    2.20%
    Reporting
    2
    Basis
    Q4/Q4

    2026 Q4 · Quarterly year-over-year

    United States · 2 institutions
    3.20%3.25%3.30%CONSENSUSJUL 26JUL 26JUL 26Wells Fargo · 3.2% · 2026-07-30Fannie Mae · 3.3% · 2026-07-10Fannie Mae 3.3%

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Wells Fargo2026 Q4“Core PCE Deflator | 2026 4Q | 3.2” — U.S. Economic Forecast table · 2026 Q4 · source ↗2026-07-303.2%
    Fannie Mae2026 Q4“Core PCE Chain Price Index (ex. Food & Energy) | 26.4 | 3.3” — Economic Forecast table · 2026 Q4 · source ↗2026-07-103.3%

    Readout

    Consensus
    3.25%
    Spread
    +0.10%
    Low
    3.20%
    High
    3.30%
    Reporting
    2
    Basis
    Quarterly year-over-year

    2026 Q4 · Q4/Q4

    United States · 2 institutions
    3.20%3.30%CONSENSUSAUG 26SEPT 26OCT 26NABE · 3.3% · 2026-10-12NABE · 3.2% · 2026-10-10NABE · 3.2% · 2026-09-22NABE · 3.2% · 2026-09-11NABE · 3.2% · 2026-09-10NABE · 3.2% · 2026-09-02NABE · 3.2% · 2026-08-26Philadelphia Fed · 3.3 · 2026-08-14Philadelphia Fed 3.3

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    NABE2026 Q4“Core personal consumption expenditures inflation is expected to reach **3.3%** by the fourth quarter of 2026, and the 2027 core inflation forecast was revised higher for a second consecutive survey to 2.4%.” — Survey Highlights · source ↗2026-10-123.3%
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary · source ↗2026-10-103.2%
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary · source ↗2026-09-223.2%
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary · source ↗2026-09-113.2%
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary, first quoted paragraph · source ↗2026-09-103.2%
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary · source ↗2026-09-023.2%
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary · source ↗2026-08-263.2%
    Philadelphia Fed2026 Q4“| 2026 | 3.5 | 3.6 | 2.9 | 2.8 | 3.6 | 3.6 | 3.3 | 3.3 |” — Inflation projections table, Q4/Q4 annual averages, 2026 row, Core PCE Current column · source ↗2026-08-143.3

    Readout

    Consensus
    3.30%
    Spread
    0.00%
    Low
    3.30%
    High
    3.30%
    Reporting
    2
    Basis
    Q4/Q4

    2023 full year · Annual growth

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2023 full year“2023,core_pce_price_index_pct_change,4.168,projected” — economic_projections/calendar_2024-02.csv, core_pce_price_index_pct_change · source ↗2024-02-014.168

    Readout

    Low
    4.17%
    High
    4.17%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2024 full year · Annual growth

    United States · 1 institution
    2.50%2.81%2.87%CONSENSUSFEB 24JUL 24JAN 25CBO · 2.81 · 2025-01-01CBO · 2.873 · 2024-06-01CBO · 2.5 · 2024-02-01CBO 2.5

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2024 full year“2024,core_pce_price_index_pct_change,2.81,projected” — economic_projections/calendar_2025-01.csv, core_pce_price_index_pct_change · source ↗2025-01-012.81
    CBO2024 full year“2024,core_pce_price_index_pct_change,2.873,projected” — economic_projections/calendar_2024-06.csv, core_pce_price_index_pct_change · source ↗2024-06-012.873
    CBO2024 full year“2024,core_pce_price_index_pct_change,2.5,projected” — economic_projections/calendar_2024-02.csv, core_pce_price_index_pct_change · source ↗2024-02-012.5

    Readout

    Low
    2.81%
    High
    2.81%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2025 Q4 · Q4/Q4

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Fed2025 Q4“| Core PCE inflation [4](#xt1p1f4) | 3.1 | 2.4 | 2.1 |   | 2.9–3.4 | 2.3–2.7 | 2.0–2.2 |   | 2.5–3.5 | 2.1–3.2 | 2.0–2.9 |   |” — Table 1, Core PCE inflation, median row, 2025 column · source ↗2025-06-183.1

    Readout

    Low
    3.10%
    High
    3.10%
    Reporting
    1
    Basis
    Q4/Q4

    One institution reporting. No consensus claimed.

    2025 full year · Annual growth

    United States · 1 institution
    2.37%2.83%2.97%CONSENSUSFEB 24JAN 25FEB 26CBO · 2.825 · 2026-02-01CBO · 2.973 · 2025-09-01CBO · 2.455 · 2025-01-01CBO · 2.437 · 2024-06-01CBO · 2.37 · 2024-02-01CBO 2.37

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2025 full year“2025,core_pce_price_index_pct_change,2.825,projected” — economic_projections/calendar_2026-02.csv, core_pce_price_index_pct_change · source ↗2026-02-012.825
    CBO2025 full year“2025,core_pce_price_index_pct_change,2.973,projected” — economic_projections/calendar_2025-09.csv, core_pce_price_index_pct_change · source ↗2025-09-012.973
    CBO2025 full year“2025,core_pce_price_index_pct_change,2.455,projected” — economic_projections/calendar_2025-01.csv, core_pce_price_index_pct_change · source ↗2025-01-012.455
    CBO2025 full year“2025,core_pce_price_index_pct_change,2.437,projected” — economic_projections/calendar_2024-06.csv, core_pce_price_index_pct_change · source ↗2024-06-012.437
    CBO2025 full year“2025,core_pce_price_index_pct_change,2.37,projected” — economic_projections/calendar_2024-02.csv, core_pce_price_index_pct_change · source ↗2024-02-012.37

    Readout

    Low
    2.83%
    High
    2.83%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2026 Q3 · Quarterly annualized

    United States · 1 institution
    2.29%2.33%3.18%CONSENSUSJUL 26SEPT 26OCT 26Cleveland Fed · 2.33 · 2026-10-28Cleveland Fed · 2.33 · 2026-10-27Cleveland Fed · 2.33 · 2026-10-26Cleveland Fed · 2.33 · 2026-10-25Cleveland Fed · 2.33 · 2026-10-24Cleveland Fed · 2.33 · 2026-10-23Cleveland Fed · 2.33 · 2026-10-22Cleveland Fed · 2.33 · 2026-10-21Cleveland Fed · 2.33 · 2026-10-20Cleveland Fed · 2.33 · 2026-10-19Cleveland Fed · 2.33 · 2026-10-17Cleveland Fed · 2.33 · 2026-10-16Cleveland Fed · 2.33 · 2026-10-15Cleveland Fed · 2.29 · 2026-10-14Cleveland Fed · 2.29 · 2026-10-13Cleveland Fed · 2.29 · 2026-10-11Cleveland Fed · 2.29 · 2026-10-10Cleveland Fed · 2.29 · 2026-10-08Cleveland Fed · 2.29 · 2026-10-07Cleveland Fed · 2.29 · 2026-10-05Cleveland Fed · 2.29 · 2026-10-03Cleveland Fed · 2.29 · 2026-10-02Cleveland Fed · 2.29 · 2026-10-01Cleveland Fed · 3.00 · 2026-09-30Cleveland Fed · 3.00 · 2026-09-29Cleveland Fed · 3.00 · 2026-09-28Cleveland Fed · 3.00 · 2026-09-27Cleveland Fed · 3.00 · 2026-09-26Cleveland Fed · 3.00 · 2026-09-25Cleveland Fed · 3.00 · 2026-09-24Cleveland Fed · 3.00 · 2026-09-23Cleveland Fed · 3.00 · 2026-09-22Cleveland Fed · 3.00 · 2026-09-21Cleveland Fed · 3.00 · 2026-09-20Cleveland Fed · 3.00 · 2026-09-19Cleveland Fed · 3.00 · 2026-09-18Cleveland Fed · 3.00 · 2026-09-17Cleveland Fed · 3.00 · 2026-09-16Cleveland Fed · 3.00 · 2026-09-15Cleveland Fed · 3.00 · 2026-09-14Cleveland Fed · 3.00 · 2026-09-13Cleveland Fed · 3.00 · 2026-09-12Cleveland Fed · 3.00 · 2026-09-11Cleveland Fed · 3.00 · 2026-09-10Cleveland Fed · 3.00 · 2026-09-09Cleveland Fed · 3.00 · 2026-09-08Cleveland Fed · 3.00 · 2026-09-07Cleveland Fed · 3.00 · 2026-09-06Cleveland Fed · 3.00 · 2026-09-05Cleveland Fed · 3.00 · 2026-09-04Cleveland Fed · 3.00 · 2026-09-03Cleveland Fed · 3.00 · 2026-09-02Cleveland Fed · 3.00 · 2026-09-01Cleveland Fed · 3.00 · 2026-08-31Cleveland Fed · 3.00 · 2026-08-30Cleveland Fed · 3.00 · 2026-08-29Cleveland Fed · 3.00 · 2026-08-28Cleveland Fed · 3.00 · 2026-08-27Cleveland Fed · 3.00 · 2026-08-26Cleveland Fed · 3.18% · 2026-07-27Cleveland Fed 3.18%

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/28 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-282.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/27 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-272.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/26 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-262.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/23 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-252.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/23 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column (model nowcast) · source ↗2026-10-242.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/23 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-232.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/22 |” — Quarterly annualized percent change table, row 2026:Q3, Core PCE column · source ↗2026-10-222.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/21 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-212.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/20 |” — Quarterly annualized percent change table, 2026:Q3 row · source ↗2026-10-202.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/19 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-192.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/16 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-172.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/16 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-162.33
    Cleveland Fed2026 Q3“| 2026:Q3 | | | 1.97 | 2.33 | 10/14 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-152.33
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/13 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-142.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/09 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-132.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/09 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-112.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/09 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-102.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/07 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-082.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/06 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-072.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/02 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-052.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/02 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-032.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 10/01 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-022.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.57 | 2.16 | 1.92 | 2.29 | 09/30 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-10-012.29
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/29 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-303.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-293.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-283.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-273.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/25 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-263.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/24 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-253.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.53 | 2.16 | 2.55 | 3.00 | 09/23 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-243.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/22 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-233.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/21 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-223.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/18 |” — Inflation, quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-213.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/18 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-203.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/18 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-193.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/17 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-183.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.44 | 2.16 | 2.50 | 3.00 | 09/16 |” — Inflation, quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-173.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/15 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-163.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/14 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-153.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/11 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-143.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/11 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-133.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.35 | 2.16 | 2.44 | 3.00 | 09/11 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-123.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.24 | 1.91 | 2.47 | 3.00 | 09/10 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-113.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.30 | 1.91 | 2.51 | 3.00 | 09/09 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-103.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.29 | 1.91 | 2.50 | 3.00 | 09/08 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-093.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Inflation, quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-083.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-073.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-063.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.27 | 1.91 | 2.49 | 3.00 | 09/04 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-053.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.26 | 1.91 | 2.49 | 3.00 | 09/03 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-043.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.25 | 1.91 | 2.48 | 3.00 | 09/02 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-033.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.10 | 1.91 | 2.39 | 3.00 | 09/01 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-023.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.05 | 1.91 | 2.36 | 3.00 | 08/31 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-09-013.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.07 | 1.91 | 2.37 | 3.00 | 08/28 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-08-313.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.07 | 1.91 | 2.37 | 3.00 | 08/28 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-08-303.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.07 | 1.91 | 2.37 | 3.00 | 08/28 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-08-293.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.01 | 1.91 | 2.34 | 3.00 | 08/27 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-08-283.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.03 | 1.91 | 2.35 | 3.00 | 08/26 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-08-273.00
    Cleveland Fed2026 Q3“| 2026:Q3 | 1.03 | 1.91 | 2.35 | 3.00 | 08/26 |” — Quarterly annualized percent change table, 2026:Q3 row, Core PCE column · source ↗2026-08-263.00
    Cleveland Fed2026 Q3“Core PCE · 07/27 · 3.17547838963363” — Historical JSON · 2026:Q3 · Core PCE · July 27 · source ↗2026-07-273.18%

    Readout

    Low
    2.33%
    High
    2.33%
    Reporting
    1
    Basis
    Quarterly annualized

    One institution reporting. No consensus claimed.

    2026 Q3 · Quarterly annualized

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Philadelphia Fed2026 Q3“| 2026:Q3 | 3.0 | 2.3 | 2.9 | 2.7 | 3.0 | 2.3 | 2.9 | 2.7 |” — Inflation projections table, 2026 Q3 row · source ↗2026-08-142.7

    Readout

    Low
    2.70%
    High
    2.70%
    Reporting
    1
    Basis
    Quarterly annualized

    One institution reporting. No consensus claimed.

    2026 Q4 · Quarter-end

    United States · 1 institution
    InstitutionPeriodReportedForecast
    NABE2026 Q4“Core personal consumption expenditures inflation is expected to reach **3.3%** by the fourth quarter of 2026, and the 2027 core inflation forecast was revised higher for a second consecutive survey to 2.4%.” — Survey Highlights, first quote, paragraph 1 · source ↗2026-11-063.3%

    Readout

    Low
    3.30%
    High
    3.30%
    Reporting
    1
    Basis
    Quarter-end

    One institution reporting. No consensus claimed.

    2026 Q4 · Quarterly annualized

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Philadelphia Fed2026 Q4“2026:Q4 | Core PCE | Current 2.6” — Median Short-Run Projections for Inflation · Quarterly · source ↗2026-05-152.6%

    Readout

    Low
    2.60%
    High
    2.60%
    Reporting
    1
    Basis
    Quarterly annualized

    One institution reporting. No consensus claimed.

    2026 Q4 · Quarterly annualized

    United States · 1 institution
    3.05%3.38%CONSENSUSOCT 26OCT 26NOV 26Cleveland Fed · 3.38 · 2026-11-11Cleveland Fed · 3.38 · 2026-11-10Cleveland Fed · 3.33 · 2026-11-09Cleveland Fed · 3.33 · 2026-11-08Cleveland Fed · 3.33 · 2026-11-07Cleveland Fed · 3.33 · 2026-11-06Cleveland Fed · 3.33 · 2026-11-05Cleveland Fed · 3.33 · 2026-11-04Cleveland Fed · 3.33 · 2026-11-03Cleveland Fed · 3.33 · 2026-11-02Cleveland Fed · 3.33 · 2026-11-01Cleveland Fed · 3.33 · 2026-10-31Cleveland Fed · 3.33 · 2026-10-29Cleveland Fed · 3.15 · 2026-10-28Cleveland Fed · 3.15 · 2026-10-27Cleveland Fed · 3.15 · 2026-10-26Cleveland Fed · 3.15 · 2026-10-25Cleveland Fed · 3.15 · 2026-10-24Cleveland Fed · 3.15 · 2026-10-23Cleveland Fed · 3.15 · 2026-10-22Cleveland Fed · 3.15 · 2026-10-21Cleveland Fed · 3.15 · 2026-10-20Cleveland Fed · 3.15 · 2026-10-19Cleveland Fed · 3.15 · 2026-10-18Cleveland Fed · 3.15 · 2026-10-17Cleveland Fed · 3.15 · 2026-10-16Cleveland Fed · 3.15 · 2026-10-15Cleveland Fed · 3.05 · 2026-10-14Cleveland Fed · 3.05 · 2026-10-13Cleveland Fed · 3.05 · 2026-10-12Cleveland Fed · 3.05 · 2026-10-11Cleveland Fed · 3.05 · 2026-10-10Cleveland Fed · 3.05 · 2026-10-09Cleveland Fed · 3.05 · 2026-10-08Cleveland Fed · 3.05 · 2026-10-07Cleveland Fed · 3.05 · 2026-10-06Cleveland Fed · 3.05 · 2026-10-05Cleveland Fed · 3.05 · 2026-10-04Cleveland Fed · 3.05 · 2026-10-03Cleveland Fed · 3.05 · 2026-10-02Cleveland Fed 3.05

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    Cleveland Fed2026 Q4“2026:Q4 | 4.40 | 3.40 | 3.94 | 3.38 | 11/10” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-113.38
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.40 | 3.40 | 3.94 | 3.38 | 11/10 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-103.38
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.24 | 3.02 | 3.95 | 3.33 | 11/09 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-093.33
    Cleveland Fed2026 Q4“2026:Q4 | 4.22 | 3.02 | 3.94 | 3.33 | 11/06 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column (model nowcast, updated 11/06) · source ↗2026-11-083.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.22 | 3.02 | 3.94 | 3.33 | 11/06 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column (nowcast model output) · source ↗2026-11-073.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.22 | 3.02 | 3.94 | 3.33 | 11/06 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-063.33
    Cleveland Fed2026 Q4“2026:Q4 | 4.07 | 3.02 | 3.85 | 3.33 | 11/05” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-053.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.31 | 3.02 | 3.99 | 3.33 | 11/04 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-043.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.42 | 3.02 | 4.05 | 3.33 | 11/03 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-033.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.26 | 3.02 | 4.52 | 3.33 | 11/02 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-11-023.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.08 | 3.02 | 4.42 | 3.33 | 10/30 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column, Updated 10/30 · source ↗2026-11-013.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.08 | 3.02 | 4.42 | 3.33 | 10/30 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column, Updated 10/30 · source ↗2026-10-313.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.45 | 3.33 | 10/29 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-293.33
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.05 | 3.02 | 4.28 | 3.15 | 10/28 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-283.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.21 | 3.02 | 4.37 | 3.15 | 10/27 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-273.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.35 | 3.02 | 4.45 | 3.15 | 10/26 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-263.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.33 | 3.15 | 10/23 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-253.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.33 | 3.15 | 10/23 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column (model nowcast) · source ↗2026-10-243.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.13 | 3.02 | 4.33 | 3.15 | 10/23 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-233.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.84 | 3.02 | 4.16 | 3.15 | 10/22 |” — Quarterly annualized percent change table, row 2026:Q4, Core PCE column · source ↗2026-10-223.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.85 | 3.02 | 4.17 | 3.15 | 10/21 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-213.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.98 | 3.02 | 4.24 | 3.15 | 10/20 |” — Quarterly annualized percent change table, 2026:Q4 row · source ↗2026-10-203.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 5.03 | 3.02 | 4.27 | 3.15 | 10/19 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-193.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.77 | 3.02 | 4.12 | 3.15 | 10/16 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-183.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.77 | 3.02 | 4.12 | 3.15 | 10/16 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-173.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.77 | 3.02 | 4.12 | 3.15 | 10/16 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-163.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.82 | 3.02 | 4.15 | 3.15 | 10/14 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-153.15
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.50 | 2.56 | 4.06 | 3.05 | 10/13 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-143.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-133.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-123.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-113.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.39 | 2.56 | 4.00 | 3.05 | 10/09 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-103.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.12 | 2.56 | 3.85 | 3.05 | 10/08 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-093.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.14 | 2.56 | 3.86 | 3.05 | 10/07 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-083.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.10 | 2.56 | 3.84 | 3.05 | 10/06 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-073.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.01 | 2.56 | 3.79 | 3.05 | 10/05 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-063.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.02 | 2.56 | 3.79 | 3.05 | 10/02 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-053.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.02 | 2.56 | 3.79 | 3.05 | 10/02 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-043.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.02 | 2.56 | 3.79 | 3.05 | 10/02 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-033.05
    Cleveland Fed2026 Q4“| 2026:Q4 | 4.24 | 2.56 | 3.91 | 3.05 | 10/01 |” — Quarterly annualized percent change table, 2026:Q4 row, Core PCE column · source ↗2026-10-023.05

    Readout

    Low
    3.38%
    High
    3.38%
    Reporting
    1
    Basis
    Quarterly annualized

    One institution reporting. No consensus claimed.

    2026 Q4 · Quarterly year-over-year

    United States · 1 institution
    InstitutionPeriodReportedForecast
    NABE2026 Q4“Core PCE inflation is now expected to reach 3.2% by year-end 2026.” — Summary · source ↗2026-08-283.2%

    Readout

    Low
    3.20%
    High
    3.20%
    Reporting
    1
    Basis
    Quarterly year-over-year

    One institution reporting. No consensus claimed.

    2027 Q4 · Q4/Q4

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Philadelphia Fed2027 Q4“| 2027 | 2.5 | 2.3 | 2.6 | 2.6 | 2.3 | 2.3 | 2.4 | 2.4 |” — Inflation projections table, Q4/Q4 annual averages, 2027 row, Core PCE Current column · source ↗2026-08-142.4

    Readout

    Low
    2.40%
    High
    2.40%
    Reporting
    1
    Basis
    Q4/Q4

    One institution reporting. No consensus claimed.

    2027 full year · Annual growth

    United States · 1 institution
    InstitutionPeriodReportedForecast
    NABE2027 full year“Core personal consumption expenditures inflation is expected to reach **3.3%** by the fourth quarter of 2026, and the 2027 core inflation forecast was revised higher for a second consecutive survey to 2.4%.” — Survey Highlights · source ↗2026-10-122.4%

    Readout

    Low
    2.40%
    High
    2.40%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2028 Q4 · Q4/Q4

    United States · 1 institution
    InstitutionPeriodReportedForecast
    Philadelphia Fed2028 Q4“| 2028 | 2.4 | 2.3 | 2.4 | 2.4 | 2.2 | 2.1 | 2.1 | 2.2 |” — Inflation projections table, Q4/Q4 annual averages, 2028 row, Core PCE Current column · source ↗2026-08-142.2

    Readout

    Low
    2.20%
    High
    2.20%
    Reporting
    1
    Basis
    Q4/Q4

    One institution reporting. No consensus claimed.

    2028 full year · Annual growth

    United States · 1 institution
    2.04%2.21%CONSENSUSJAN 25JUL 25FEB 26CBO · 2.21 · 2026-02-01CBO · 2.059 · 2025-09-01CBO · 2.041 · 2025-01-01CBO 2.041

    EmphasisedOther institutionsConsensus

    InstitutionPeriodReportedForecast
    CBO2028 full year“2028,core_pce_price_index_pct_change,2.21,projected” — economic_projections/calendar_2026-02.csv, core_pce_price_index_pct_change · source ↗2026-02-012.21
    CBO2028 full year“2028,core_pce_price_index_pct_change,2.059,projected” — economic_projections/calendar_2025-09.csv, core_pce_price_index_pct_change · source ↗2025-09-012.059
    CBO2028 full year“2028,core_pce_price_index_pct_change,2.041,projected” — economic_projections/calendar_2025-01.csv, core_pce_price_index_pct_change · source ↗2025-01-012.041

    Readout

    Low
    2.21%
    High
    2.21%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.

    2029 full year · Annual growth

    United States · 1 institution
    InstitutionPeriodReportedForecast
    CBO2029 full year“2029,core_pce_price_index_pct_change,2.096,projected” — economic_projections/calendar_2026-02.csv, core_pce_price_index_pct_change · source ↗2026-02-012.096

    Readout

    Low
    2.10%
    High
    2.10%
    Reporting
    1
    Basis
    Annual growth

    One institution reporting. No consensus claimed.