PCE prices rose 0.3% in January; core PCE 3.1% from a year earlier

The Bureau of Economic Analysis said the PCE price index rose 0.3% in January 2026 and was up 2.8% from a year earlier. The core index, the Federal Reserve's preferred inflation gauge, rose 0.4% on the month and 3.1% on the year.

• PCE price index rose 0.3% in January; 2.8% from a year earlier
• Core PCE price index rose 0.4% in January; 3.1% from a year earlier
• Real consumer spending rose 0.1% in January
• Computed from the seasonally adjusted indexes as published on the release date (ALFRED vintage)