Core PCE YoY stands at 3.34% as of July 2026, up from 2.86% a year earlier. The reading sits in the 63rd percentile of its history back to 1960.
| Latest (July 2026) | 3.34% |
| One year ago | 2.86% |
| 10-year range | 0.97% – 5.61% |
| All-time range | 0.63% (2009) – 10.22% (1975) |
| Change over 12 months | +0.5 pts |
| Percentile vs. full history | 63rd |
| History | 1960–2026 (799 observations) |
Core PCE inflation, the Federal Reserve's preferred gauge and the basis of its 2% target. Broader than CPI and weighted by actual spending patterns. Where this sits relative to 2% is the cleanest read on whether policy is likely to tighten or ease.
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<a href="https://www.tacticalassetallocation.com/charts/core-pce-inflation/">Core PCE YoY — Cambria Chart Lab</a>
Data: download CSV (source: FRED (Federal Reserve Economic Data)).