US PCE Price Index Rises 4.1% YoY in May, Core PCE Up 3.4%; Q1 GDP Growth Revised Up to 2.1%

Published: Jun 27, 2026 17:06

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The inflation indicator closely watched by the US Fed was officially released. According to data released by the US Commerce Department, the US PCE price index for May rose 4.1% YoY, the highest since April 2023; meanwhile, core PCE also rose 3.4% YoY, in line with market expectations and the highest since October 2023. In addition, the final annualized growth rate of US real GDP for Q1 was revised up to 2.1%, higher than the previous revision of 1.6%. Meanwhile, durable goods orders in May fell 4.5% MoM, the largest decline in nearly a year.

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