Dallas Fed Trimmed Mean PCE 2.3 percent for May

For Immediate Release: June 29, 2018

DALLAS—The Trimmed Mean PCE inflation rate for May was 2.3 percent at an annualized rate, according to the Federal Reserve Bank of Dallas.

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

The Trimmed Mean PCE inflation rate for the 12-month period ending in May was 1.8 percent. Over the same 12 months, the inflation rate for overall PCE was 2.3 percent, and the inflation rate for PCE excluding food and energy was 2.0 percent.

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: Aug. 3

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Media contact:
Jennifer Chamberlain
Federal Reserve Bank of Dallas
Phone: (214) 922-6748
E-mail: jennifer.chamberlain@dal.frb.org