FX.co ★ US Core PCE Prices Rise Less than Expected

The US core PCE price index, the Federal Reserve’s preferred measure of underlying inflation, increased 0.2% month-over-month in April 2026, easing from a 0.3% gain in March and coming in below market expectations of a 0.3% rise. On an annual basis, the index climbed an anticipated 3.3%, up from 3.2% in the previous month, and remained well above the Fed’s 2% inflation target.