Remains below the Fed's target of 2.0%

The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for personal consumption expenditures (PCE). It is calculated by staff at the Dallas Fed, using data from the Bureau of Economic Analysis (BEA).

  • The overall PCE inflation rate for March was 0.4 percent, annualized,
  • While the inflation rate for PCE excluding food and energy was 1.8 percent.

The table below present data on the Trimmed Mean PCE inflation rate and, for comparison, overall PCE inflation and the inflation rate for PCE excluding food and energy.