PCE Inflation Spikes Again, Year-Over-Year Highest Since May 2023

ear-over-year PCE inflation jumped to 3.8 percent. The Fed wants 2.0 percent.

Five Measures of Inflation Year-Over-Year

Five Measures of Inflation Percent Change from Year Ago

  • CPI: 3.81

  • Core CPI: 2.75

  • CPI Rent: 2.79

  • PCE: 3.77

  • Core PCE: 3.29

PCE Inflation Detail

PCE Inflation year-over year

PCE Year-Over-Year Details

  • PCE bottomed in April of 2024 at 2.3 percent, now 3.8 percent.

  • Core PCE bottomed in April of 2024 at 2.6 percent, now 3.3 percent.

  • PCE goods bottomed in September of 2024 at -1.2 percent now 4.4 percent.

  • PCE services bottomed at 3.3 percent in February of 2026, now 3.5 percent.

PCE Month-Over-Month

PCE Inflation month-over-month

PCE Month-Over-Month Details

  • PCE: 0.40 percent

  • Core PCE: 0.24 percent

  • PCE Goods: 0.73 percent

  • PCE Services: 0.25 percent

Angry US Consumers

US consumers are downright angry and it reflects in the polls.

Angry consumers also shows up in two key measures of sentiment and consumer credit delinquencies.

Related Posts

May 19, 2026: A WSJ Opinion Article Tries to Explain “Why Everything Feels More Expensive”

The WSJ explanation is hugely lacking. Let’s discuss.

May 26, 2026: Consumer Credit Stress Is Comparable to the Great Recession

Auto delinquencies are at a new record and credit cards are near record high.

May 28, 2026: Inflation Expectations Surge in Two Distinct Consumer Confidence Surveys

57% of consumers say high prices are eroding their personal finances.

Comments