The US PCE price index rose 0.7% month-over-month in March 2026, matching expectations and accelerating from February’s 0.4% increase. It was the steepest monthly increase in PCE prices since June 2022. Goods prices jumped 1.4%, driven by a 20.9% rally in gasoline and other energy goods. Also, services inflation accelerated to 0.3%, up from 0.2%, mainly due to transportation services. The core PCE index, excluding food and energy, increased 0.3% after a 0.4% gain in February. Annually, the headline PCE index reached 3.5%, while the core index rose to 3.2%.