Inflation Rises Again in May Amid Ongoing War Impact
The Personal Consumption Expenditures (PCE) price index, a key inflation measure used by the Federal Reserve, increased to an annual rate of 4.1% in May 2026, driven partly by ongoing economic effects from the war with Iran. While some economists believe this may be the peak due to falling oil prices since then, core PCE also showed rising pressure.
Topics: inflation Iran war oil prices PCE index