The core PCE price index in the US, which is the Federal Reserve's preferred gauge of underlying inflation in the US economy, rose by 0.4% from the previous month in February of 2026, sustaining the 10-month high recorded over the previous two months. Figures came in line with the market consensus. From the previous year, the core PCE price index rose by 3%, down from 3.1% in the prior month and remaining well above the Federal Reserve's 2% target.