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C3 · FED'S PREFERRED GAUGE

Core PCE inflation, year over year

3.34
STALE ROBUST DRS 95 monthly as of 2026-07-01

This tile is stale: the value shown is the last one the source published, never a fabricated current number.

The full history

1960 high 10.14 · low 0.63 · now 3.34 · 9 recessions shaded 2026

How it is read

What it measures
Fed's preferred gauge
Confidence
ROBUST : a primary official series, mechanically reported.
Reliability (DRS)
DRS 95: Computed: 100 × (PCEPILFE(t) / PCEPILFE(t−12m) − 1).

Where it comes from

DERIVED ↗ Every number on this site is reproducible from this primary source.

What it read at past stress points

Lehman, Sep 2008 2.04 · CALM
Q4-2018 selloff 2.04 · CALM
Curve inversion, Aug 2019 1.75 · CALM
COVID crash, Mar 2020 1.53 · CALM

Questions it helps answer

  • Prices : Are prices behaving, and believed?