The trend since 2019.
The latest available read: Core PCE Inflation is at 3.34% as of July 2026. Source: FRED · PCEPILFE.
Why it matters.
This number directly affects your purchasing power and the Fed's decisions on interest rates, which influence your mortgage, auto loan, and savings account returns. Persistent inflation above target makes the central bank more likely to keep rates elevated, which can slow wage growth and job creation while making borrowing more expensive.
Where it fits.
Core PCE Inflation feeds the Inflation & the Fed view — one of the six areas behind the site's Macro IQ score.