Fed's main gauge shows inflation at 2.8% in November, edging further away from target

[progree]

2. From the source. # Also Yahoo Finance a couple of interesting factoids

https://www.bea.gov/data/income-saving/personal-income
CURRENT RELEASE: https://www.bea.gov/news/2026/personal-income-and-outlays-october-and-november-2025

From the preceding month, the PCE price index increased 0.2 percent in both October and November. Excluding food and energy, the PCE price index also increased 0.2 percent in both months. (Refer to “Technical Notes” below for information on how BEA imputed missing BLS October prices.)

From the same month one year ago, the PCE price index increased 2.7 percent in October, followed by an increase of 2.8 percent in November. Excluding food and energy, the PCE price index also increased 2.7 percent followed by an increase of 2.8 percent.

(emphasis added)

For Chrisake, it's almost February already

Full Release and Tables: https://www.bea.gov/sites/default/files/2026-01/pi10-1125.pdf

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Stale reading on Fed's inflation gauge keeps central bank on course to hold rates next week, Yahoo Finance, 1/22/26
https://finance.yahoo.com/news/stale-reading-on-feds-inflation-gauge-keeps-central-bank-on-course-to-hold-rates-next-week-165339281.html

For portions of October lacking detailed information from the Consumer Price Index, which is used to calculate PCE, the BEA used an average of September and November figures.

Joseph Brusuelas, chief economist for RSM, wrote in a note to clients that since the Consumer Price Index and the Producer Price Index — both of which are used to calculate PCE — have been released for December, Thursday’s PCE data is stale. Brusuelas said he expects core PCE inflation to rise to 3% for the month of December, given the CPI and PPI numbers. That data is set for release Feb. 20.