Fed’s preferred inflation gauge hits 3-year high as gas prices spiked on Iran war

In the 12 months through March, PCE inflation shot up 3.5%, the biggest rise since May 2023 and above the Fed's 2% target.

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Apr 30, 2026 - 17:49
Fed’s preferred inflation gauge hits 3-year high as gas prices spiked on Iran war
In the 12 months through March, PCE inflation shot up 3.5%, the biggest rise since May 2023 and above the Fed's 2% target.
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