Core PCE inflation

Change from a year earlier

Aug 2026

3.0%

Previous (Jul 2026): 3.0%
A year ago: 2.9%

Next release Thu, Oct 29, 8:30 AM ET

Last 5 years2.6% ~ 5.6%

Nov 2021Aug 2026

What it is

PCE inflation excluding food and energy.

Why it matters

The Fed's preferred gauge of underlying inflation.

Recent readings

Aug 20263.0%
Jul 20263.0%
Jun 20263.0%
May 20263.2%
Apr 20263.1%
Mar 20263.1%
Feb 20263.0%
Jan 20262.9%
Dec 20252.9%
Nov 20252.7%
Oct 20252.7%
Sep 20252.8%

CPI inflation 3.7%Core CPI inflation 2.6%PCE inflation 3.4%PPI (final demand) 6.3%

Source: BEA · Figures are official statistics as published on FRED (St. Louis Fed) and the Bank of Korea's ECOS; year-over-year and month-over-month changes are calculated from them. Data can be revised.