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 0.2% from the previous month in April 2026, following a 0.3% increase in March, below market forecasts of 0.3%. From the previous year, the core PCE price index rose by an expected 3.3%, up from 3.2% in the prior month, remaining well above the Federal Reserve's 2% target.