Dallas Fed Trimmed Mean PCE 2.8 percent for 12 months through May

News Releases

June 28, 2024

DALLAS-The Trimmed Mean PCE inflation rate over the 12 months ending in May was 2.8 percent-down from April-according to the Federal Reserve Bank of Dallas. The one-month annualized rate of Trimmed Mean PCE inflation was 1.4 percent.

The overall personal consumption expenditures (PCE) inflation rate for May, released by the Bureau of Economic Analysis (BEA), was 2.6 percent on a 12-month basis and an annualized -0.1 percent for the month; the inflation rate for PCE excluding food and energy was 2.6 percent on a 12-month basis and an annualized 1.0 percent for the month. 

The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for PCE. It is calculated by the Dallas Fed using data from the BEA.   

Next release: July 26

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Media contact:
Jon Prior
Federal Reserve Bank of Dallas
Phone: 214-922-6857
Email: [email protected]