finance
Core PCE Price Index Rises to Highest Level Since October 2023
The Federal Reserve's preferred inflation gauge increased 0.3 percent in May. Core prices rose 3.4 percent over the 12 months ending in May.
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The core personal consumption expenditures price index rose 0.3 percent in May and reached its highest level since October 2023. Core prices increased 3.4 percent over the 12 months ending in May. The all-items PCE price index advanced 0.4 percent in May and 4.1 percent over the past year, the highest annual rate since April 2023.
Energy prices rose 4 percent in May. Housing costs increased 0.3 percent while financial services and insurance costs jumped 1.2 percent.7 percent in May. Personal income also rose 0.7 percent and the personal saving rate increased to 3 percent.
A final Commerce Department reading showed U.S. gross domestic product expanded at a 2.1 percent annualized pace in the first quarter of 2026. The agency revised its prior estimate upward from 1.6 percent.
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LeftNeutralRightUnderlying economic strengthPersistent inflation pressure
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LeftNeutralRightStrengthInflation
CorroborationModerate · 4 sources
