The Dallas Fed’s trimmed mean PCE inflation measure for the United States accelerated to 2.20% in July 2026, up from 1.50% in June 2026, according to data updated on 26 August 2026. The move marks a notable re-acceleration in this closely watched underlying inflation indicator after it had been running at a lower rate in the prior month.
The increase from June’s 1.50% to July’s 2.20% suggests a firming in core price pressures as the summer progressed, with the gauge moving closer to, and slightly above, the typical 2% benchmark often associated with medium-term inflation goals. While the data do not on their own determine policy, the July reading could draw attention from market participants and analysts monitoring how persistently inflationary pressures are evolving in the U.S. economy.
With the latest figures now confirmed as of 26 August 2026, investors and policymakers will be watching upcoming releases to see whether July’s step-up in the Dallas Fed PCE measure proves to be a one-off move or the beginning of a more sustained uptrend in underlying inflation.
