US August PCE Data: Core Inflation Cools to 3.0% Amid Strong Consumer Spending

The U.S. Bureau of Economic Analysis (BEA) reported that the core PCE price index for August rose 0.2% month-over-month, with the annual rate cooling to 3.0%. Personal consumption expenditures surged by $190.8 billion, a 0.9% monthly increase, signaling resilience in the U.S. economy. Personal income also grew by $66.6 billion, or 0.2%. The report included annual revisions to historical data dating back to January 2021. The next report for September is scheduled for release on October 29, 2026, at 8:30 a.m. ET.