Core PCE Inflation at 3.2% in March, Highest Level Since 2023

Published on April 30, 2026

The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.2% year-over-year in March. This marks the highest level since November 2023 and confirms a steady pickup from February’s 3.0% reading. On a monthly basis, core prices rose 0.3%.