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Two Rulers for One Inflation: CPI vs PCE

CPI vs the PCE price index. PCE weights shelter less and updates faster - it is the index the 2% target applies to and usually runs cooler.

Two Rulers for One Inflation: CPI vs PCE
Source: U.S. BLS & BEA (FRED) · CPIAUCSL, PCEPIData through June 2026 · Updated Jul 14, 2026

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Chixan (2026). Two Rulers for One Inflation: CPI vs PCE. U.S. BLS & BEA (FRED). https://chixan.com/charts/inflation/us_cpi_vs_pce_gap/

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