Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
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Summary
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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*US MAY PCE PRICE INDEX RISES 0.4% M/M; EST. +0.5%
— *Walter Bloomberg (@DeItaone) June 25, 2026
*US MAY PCE PRICE INDEX RISES 4.1% Y/Y; EST. +4.1%
*US MAY CORE PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3%
*US MAY CORE PCE PRICE INDEX RISES 3.4% Y/Y; EST. +3.4%