Overview
  • The personal consumption expenditures price index, a measure the Fed uses as its main forecasting tool, showed inflation at 2.8% for the month both for headline and core in November.
  • The readings were in line with market expectations but showed inflation still above the central bank’s 2% target.
  • Personal income rose 0.1% in October and 0.3% in November, the latter 0.1 percentage point below the forecast. Also, consumer spending increased 0.5% in both months.

Inflation drifted slightly further from the Federal Reserve’s target in November though in line with expectations, according to the central bank’s preferred gauge released Thursday.

The personal consumption expenditures price index, a Commerce Department measure the central bank uses as its main forecasting tool, showed inflation at 2.8% for the month both for headline and core, in line with the Dow Jones consensus.

Source: https://www.cnbc.com/2026/01/22/pce-inflation-november-2026.html