Core PCE YoY stands at 3.41% as of May 2026, up from 2.78% a year earlier. The reading sits in the 64th percentile of its history back to 1960.
| Latest (May 2026) | 3.41% |
| One year ago | 2.78% |
| 10-year range | 0.97% – 5.61% |
| Percentile vs. full history | 64th |
| History | 1960–2026 (797 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)).