Economy · Inflation
Personal consumption expenditures prices, all items and excluding food and energy, each against a year earlier (BEA). The dashed line is the Federal Reserve's 2% inflation objective, which the Fed states for headline PCE.
| Year | Average | Year close |
|---|---|---|
| 1960 | 1.64% | 1.50% |
| 1961 | 1.04% | 0.54% |
| 1962 | 1.17% | 1.35% |
| 1963 | 1.20% | 1.45% |
| 1964 | 1.45% | 1.35% |
| 1965 | 1.44% | 1.67% |
| 1966 | 2.53% | 3.05% |
| 1967 | 2.51% | 2.61% |
| 1968 | 3.91% | 4.33% |
| 1969 | 4.50% | 4.91% |
| 1970 | 4.68% | 4.59% |
| 1971 | 4.25% | 3.64% |
Source: FRED PCEPI (Personal Consumption Expenditures: Chain-type Price Index); FRED PCEPILFE (Personal Consumption Expenditures Excluding Food and Energy (Chain-Type Price Index)). Federal Reserve Bank of St. Louis.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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