FX.co ★ US Core PCE Inflation Cools in April, Easing to 0.2% Month-on-Month

The United States’ core Personal Consumption Expenditures (PCE) Price Index—the Federal Reserve’s preferred gauge of underlying inflation—slowed in April 2026, offering a sign of modest disinflationary progress. Month-on-month, core PCE rose 0.2% in April, down from a 0.3% increase recorded in March 2026.

On a month-over-month basis, the latest reading indicates that price pressures eased slightly compared with the prior period, when March’s 0.3% gain reflected a faster pace of underlying inflation versus February. The April figures, updated on 28 May 2026, suggest that underlying price momentum may be cooling, an important development for markets closely tracking the inflation trajectory and potential implications for future monetary policy decisions in the United States.