Two Measures of Inflation: March 2025

Published on April 30, 2025

The BEA's core Personal Consumption Expenditures (PCE) Price Index for March showed that core inflation continues to be above the Federal Reserve's 2% long-term target at 2.6%. The March core Consumer Price Index (CPI) release was higher, at 2.8%. The Fed is on record as using core PCE data as its primary inflation gauge.

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