PCE inflation detail

A closer look at PCE inflation, with a toggle for growth (each category’s own inflation rate, by expenditure group, plus the specialty indices) or contributions (how much each adds to headline PCE, on one shared axis so magnitudes are directly comparable).

Source: Bureau of Economic Analysis; author’s calculations. Growth is each category’s price change — 1-month (bars) and 3-month (line), percent at an annual rate. Contributions are each category’s share of headline PCE — 1-month annual-rate (bars) and 12-month (line), percentage points — on one shared axis; a few volatile months run off the top. The five “components of inflation” approximately sum to headline PCE (contributions are linear approximations, so they need not add exactly); the “selected items” are additional, overlapping cuts (health care and financial services are approximated as each category’s PCE share × its price change).