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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

Jeff CoxThursday, June 25, 2026
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.

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Source: Jeff Cox— we link to the original for full context.