FX.co ★ US Core PCE Prices Rise 0.3% in May as Expected

The US core PCE price index, the Federal Reserve’s preferred measure of underlying inflation, increased 0.3% month-over-month in May 2026, matching April’s gain and aligning with market expectations. On an annual basis, the core PCE index rose by a forecast 3.4%, its highest level since October 2023 and significantly above the Fed’s 2% inflation target.