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The US core PCE price index, the Federal Reserve’s preferred measure of underlying inflation, increased by 0.3% month-over-month in March 2026, following a 0.4% gain in February and matching market expectations. On an annual basis, the core PCE index rose by 3.2%, in line with forecasts and up from 3.0% in the previous month, remaining well above the Fed’s 2% inflation target.
