Fed’s Favorite Inflation Measure Hits 4.1 Percent for First Time Since 2023

Upcoming data suggest inflation pressures could be cooling.

A gas station in Washington on June 16, 2026. Madalina Kilroy/The Epoch Times

The Federal Reserve’s preferred inflation gauge has topped 4 percent for the first time since 2023.

Last month’s annual personal consumption expenditure (PCE) price index rose to 4.1 percent, the highest level since April 2023, according to new Bureau of Economic Analysis data released on June 25.