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Real personal consumption (quarterly)

Latest value: $16,788.69 billion (2017 dollars, annual rate) for Q2 2026, +2.5% year over year (against Q2 2025). 46 quarterly observations from Q1 2015 to Q2 2026, in billions of chained 2017 dollars, seasonally adjusted annual rate. Source: FRED (FRED route); context series, not an input to the Nowflation CPI Gauge. Next update: with the September 2026 PCE release, 2026-10-29 8:30 AM ET (BEA).

Latest observations

PeriodValue
Q2 2026$16,788.69 billion (2017 dollars, annual rate)
Q1 2026$16,634.16 billion (2017 dollars, annual rate)
Q4 2025$16,604.58 billion (2017 dollars, annual rate)
Q3 2025$16,526.18 billion (2017 dollars, annual rate)
Q2 2025$16,378.32 billion (2017 dollars, annual rate)
Q1 2025$16,293.3 billion (2017 dollars, annual rate)
Q4 2024$16,267.1 billion (2017 dollars, annual rate)
Q3 2024$16,098.45 billion (2017 dollars, annual rate)
Q2 2024$15,952.6 billion (2017 dollars, annual rate)
Q1 2024$15,800.15 billion (2017 dollars, annual rate)
Q4 2023$15,731.54 billion (2017 dollars, annual rate)
Q3 2023$15,609.13 billion (2017 dollars, annual rate)

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Cite: Nowflation, “Real personal consumption (quarterly)” (PCECC96), data from FRED, retrieved October 18, 2026, https://nowflation.com/series/PCECC96. The series at its source: FRED.

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