54% of PCE basket items show >3% price increases over 12 months, suggesting persistent inflation despite recent moderation.
Macro & Markets ·
Approximately 54% of items in the Personal Consumption Expenditures basket have seen price increases exceeding 3% over the past 12 months, approaching the highest share in three years and representing a 16 percentage point rise since the first quarter of 2025. This proportion remains substantially higher than the 32% average recorded in the two decades before 2020 and well above the 30% threshold that was rarely exceeded during 2012-2019. The 2022 peak reached approximately 77%, while the 12-month historical average stands near 37%.