Policy
Core PCE Slows to 3.0% on the Same Day the BEA Changed How It Prices Three Service Categories
August inflation came in well below forecast, but the print landed alongside an annual methodology update that rewrote price measurement for portfolio management, legal services and software back to 2021.
By Marcus Elrod
Oct 1, 2026 · 5 min read
The Bureau of Economic Analysis reported that the core personal consumption expenditures price index rose 0.2% in August and 3.0% from a year earlier, below the roughly 3.3% to 3.4% range of forecasts cited by financial data providers. Headline PCE rose 0.3% on the month and 3.4% year over year, against expectations nearer 3.7%.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.