CNBC | US Top News and Analysis Follow Fed’s preferred inflation gauge shows core prices rose 3.3% annually in July The personal consumption expenditures price index was expected to rise 0.1% monthly and 3.6% on a 12-month basis, according to economists surveyed by Dow Jones. https://www.cnbc.com/2026/08/26/feds-preferred-inflation-gauge-shows-core-prices-rose-3point3percent-annually-in-july.html cnbc.com