US PCE measures how fast consumer prices are rising year-on-year and is the Federal Reserve's preferred inflation gauge for its 2% target.
Actual
4.1%
Forecast
4.0%
Previous
3.8%
Source: U.S. Bureau of Economic Analysis. Figures as released; revisions appear in the next print.
US PCE Price Index for May 2026 came in at 4.1% versus 4.0% expected (previous 3.8%), above forecast, which was positive for the USD.
What it meant for the US Dollar
The actual landed above the 4.0% forecast (0.1 above expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was positive for the USD.
New to this release? See what US PCE Price Index measures, the next release and its full history.