FX.co ★ US Core PCE Holds Steady at 0.4% in January, Signalling Persistent Inflation Pressure

The US Core Personal Consumption Expenditures (PCE) Price Index rose 0.4% month-over-month in January 2026, matching December 2025’s revised reading of 0.4%. The data, updated on 13 March 2026, indicates that underlying inflation pressures remained unchanged at the start of the year.

On a month-over-month basis, the “actual” January increase is measured against December, while December’s “previous” reading reflects the change compared with November. The back-to-back 0.4% gains suggest that the disinflation trend seen earlier may be losing momentum, keeping attention firmly on the Federal Reserve’s inflation outlook and policy path. Investors and policymakers alike are likely to scrutinize upcoming data to assess whether this plateau in core price growth proves temporary or becomes a more entrenched feature of the inflation landscape.