PCE prices rose 0.4% in May; core PCE 3.4% from a year earlier

Core PCE PCE prices Real spending SPX XAU

The Bureau of Economic Analysis said the PCE price index rose 0.4% in May 2026 and was up 4.1% from a year earlier. The core index, the Federal Reserve's preferred inflation gauge, rose 0.3% on the month and 3.4% on the year.

PCE price index rose 0.4% in May; 4.1% from a year earlier
Core PCE price index rose 0.3% in May; 3.4% from a year earlier
Real consumer spending rose 0.3% in May
Computed from the seasonally adjusted indexes as published on the release date (ALFRED vintage)

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TSM−4.61%Jun 24 · TSM fell 4.61% in a broad tech and crypto selloff: MSTR -11.78%, COIN -6.46%, PLTR -5.15%, AAPL -5.02% and ORCL -4.96%, with SPX -0.64%. The day's PCE report, showing May prices up 0.4% and core PCE at 3.4% year over year, lifted bets on a Fed rate hike in 2026.

Source

Bureau of Economic Analysis

Jun 25, 2026, 8:30 AM ET

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