Core PCE Inflation at 3.4% in May, Highest Level Since 2023

Published on June 25, 2026

The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.4% year-over-year in May. This marks the highest level since October 2023 and marks a pickup from April's 3.3% reading. On a monthly basis, core prices rose 0.3%.

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