Fed’s Preferred Inflation Measure Ticks Up in November

Real-time private-sector data suggest consumer inflation is already firmly below the Fed’s 2 percent target.

Shoppers look for deals on "Black Friday" at a shopping mall located in Lake Elsinore, Calif., on Nov 29, 2024. John Fredricks/The Epoch Times

The Federal Reserve’s preferred inflation measure ticked up in November as consumer price pressures remained sticky toward the end of 2025.

Inflation in the personal consumption expenditure (PCE) price index rose to an annual rate of 2.8 percent from 2.7 percent in October 2025, according to Bureau of Economic Analysis data released on Jan. 22.