Thursday, April 30, 2026

PCE Inflation: "Core inflation rate hit 3.2% in March, as expected; GDP grew 2% in first quarter"

From CNBC, April 30:

Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Federal Reserve.

The core personal consumption expenditures price index, which excludes food and energy, accelerated a seasonally adjusted 0.3% for the month, pushing the 12-month inflation rate to 3.2%, the Commerce Department reported Thursday. The readings matched the Dow Jones consensus estimates.

Including the volatile gas and groceries components saw higher readings, with the monthly gain at 0.7% and the annual rate hitting 3.5%, also in line with forecasts....

....MORE 

And at the Bureau of Economic Analysis, April 30:

Personal Income and Outlays, March 2026  

Table 2.8.11. Real Personal Consumption Expenditures by Major Type of Product: Percent Change from Month One Year Ago 

Table 2.8.7. Percent Change From Preceding Period in Prices for Personal Consumption Expenditures by Major Type of Product, Monthly