The US PCE price index rose 0.2% month-over-month in July 2026, above market expectations of a 0.1% increase, following a 0.1% decline in June. Core PCE inflation, which excludes food and energy, increased 0.2%, matching the previous month’s gain and market expectations. On an annual basis, headline PCE inflation remained unchanged at 3.7%, in line with forecasts, while core PCE inflation also held steady at 3.3%, matching expectations.