[Salon] PCE Inflation Spikes Again, Year-Over-Year Highest Since May 2023 (5/28/26.)

Subject: [Salon] PCE Inflation Spikes Again, Year-Over-Year Highest Since May 2023 (5/28/26.)

From: Chas Freeman <cwfresidence@gmail.com>

Date: Thu, 28 May 2026 22:19:34 -0400

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https://mishtalk.com/economics/pce-inflation-spikes-again-year-over-year-highest-since-may-2023/

PCE Inflation Spikes Again, Year-Over-Year Highest Since May 2026

Year-over-year PCE inflation jumped to 3.8 percent. The Fed wants 2.0 percent.

Five Measures of Inflation Year-Over-Year

Five Measures of Inflation Percent Change from Year Ago

CPI: 3.81
Core CPI: 2.75
CPI Rent: 2.79
PCE: 3.77
Core PCE: 3.29

PCE Inflation Detail

PCE Inflation year-over year

PCE Year-Over-Year Details

PCE bottomed in April of 2024 at 2.3 percent, now 3.8 percent.
Core PCE bottomed in April of 2024 at 2.6 percent, now 3.3 percent.
PCE goods bottomed in September of 2024 at -1.2 percent now 4.4 percent.
PCE services bottomed at 3.3 percent in February of 2026, now 3.5 percent.

PCE Month-Over-Month

PCE Inflation month-over-month

PCE Month-Over-Month Details

PCE: 0.40 percent
Core PCE: 0.24 percent
PCE Goods: 0.73 percent
PCE Services: 0.25 percent

Angry US Consumers

US consumers are downright angry and it reflects in the polls.

Angry consumers also shows up in two key measures of sentiment and consumer credit delinquencies.

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