US core inflation by PCE index reached 3.0% in August — CNBC

In the United States, core inflation based on the personal consumption expenditures (PCE) price index stood at 3.0% in August. CNBC reported this. The outlet described the result as significantly below expectations.

Comparison with the forecast

The Dow Jones consensus forecast anticipated annual growth of 3.7% in the overall PCE index. For the core measure, the consensus forecast expected growth of 3.3% year-on-year.

Thus, the core inflation reading was 0.3 percentage points below the Dow Jones forecast for this measure.

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Indicator for the Fed

CNBC calls the PCE index the inflation indicator preferred by the Federal Reserve. The data discussed in the article concern August, while the CNBC publication is dated September 30, 2026.

The report provides separate forecasts for the overall and core measures. The actual value in the source is stated only for core inflation.