FX.co ★ US Core Inflation Gauge Holds Steady in May, Signaling Stubborn Price Pressures

The U.S. Personal Consumption Expenditures (PCE) price index, a key gauge of inflation closely watched by policymakers and investors, remained unchanged in May 2026 on a month-over-month basis. The indicator rose 0.4% in May, matching April’s 0.4% increase, according to data updated on 25 June 2026.

On a month-over-month comparison, May’s reading shows that price pressures have neither intensified nor eased relative to the prior month. The “actual” figure reflects the change from April to May, while the “previous” figure captures the change from March to April, highlighting a second consecutive month of 0.4% gains.

The steady reading underscores a period of persistent inflation momentum, with no visible cooling between April and May. Market participants are likely to interpret the back-to-back 0.4% monthly increases as a sign that inflation progress may be plateauing, raising questions about the timing and pace of any potential shifts in U.S. monetary policy.