The Federal Reserve Bank of Dallas released its latest Trimmed Mean PCE inflation reading, showing a 2.5 percent increase over the 12 months ending in November, unchanged from October. The one-month annualized trimmed mean rate was 1.5 percent. For comparison, the Bureau of Economic Analysis reported November overall personal consumption expenditures (PCE) inflation at 2.8 percent year on year and an annualized 2.5 percent for the month, while PCE excluding food and energy was 2.8 percent year on year and an annualized 1.9 percent for the month. The Trimmed Mean PCE is an alternative core inflation measure of the PCE price index calculated by the Dallas Fed using BEA data. The next release is scheduled for Feb. 20.
Federal Reserve Bank of Dallas 2026-01-22
Federal Reserve Bank of Dallas reports Trimmed Mean PCE inflation steady at 2.5 percent through November
The Federal Reserve Bank of Dallas reported its Trimmed Mean Personal Consumption Expenditures (PCE) inflation at 2.5% year-on-year for November, consistent with October, with a one-month annualized rate of 1.5%. The Bureau of Economic Analysis noted overall PCE inflation at 2.8% year-on-year and an annualized 2.5% for November, with PCE excluding food and energy at 2.8% year-on-year and an annualized 1.9%.