Core Personal Consumption Expenditures (PCE) prices in the United States were unchanged in the first quarter of 2026, holding at an annual rate of 4.40%. According to the latest update on 25 June 2026, the core PCE measure – a key inflation gauge that excludes volatile food and energy components – matched its previous reading of 4.40% recorded in the same quarter.
The flat reading suggests that underlying inflation pressures remained stable over the period, with no further acceleration or deceleration detected in core prices. As core PCE is closely watched as an indicator of price trends in the broader economy, the steady 4.40% rate in Q1 2026 underscores that inflation, while not rising further, remains elevated relative to more moderate historical levels.
