Let’s take a look at the CPI, Core CPI, PCE, and Core PCE. The BEA updated PCE numbers today. Inflation Chart Notes PCE represents the Personal Consumption Expenditures price index. This measure is from the Bureau of Economic Analysis (BEA). CPI is the Consumer Price Index. The CPI is from the Bureau of Labor Statistics (BLS). Core for both indexes means excluding food and energy. The CPI only counts expenses directly paid by consumers. The PCE includes items paid on behalf of consumers. The PCE thus overweighs medical expenses paid by employer health benefit, Medicare, and Medicaid. The CPI overweighs housing ... (full story)