Inflation is still hot — well above the Fed's target.

Inflation · CPI (year-over-year)

CPI: 3.46% — Running at 3.5% a year — still above the Fed's 2% goal. That’s the 62nd percentile of all its readings since 1948.

How we score this: ok below 2.50% · watch 2.50% to 4.00% · elevated 4.00% and up full method

Core CPI (year-over-year)

Core CPI: 2.57% — Running at 2.6% a year — still above the Fed's 2% goal. That’s the 45th percentile of all its readings since 1958.

How we score this: ok below 2.50% · watch 2.50% to 4.00% · elevated 4.00% and up full method

PCE Inflation (year-over-year)

PCE: 4.07% — Running at 4.1% a year — well above the Fed's 2% goal. That’s the 73rd percentile of all its readings since 1960.

How we score this: ok below 2.50% · watch 2.50% to 4.00% · elevated 4.00% and up full method

PCE: up 3 readings in a row.

Core PCE Inflation (year-over-year)

Core PCE: 3.41% — Running at 3.4% a year — still above the Fed's 2% goal. That’s the 64th percentile of all its readings since 1960.

How we score this: ok below 2.50% · watch 2.50% to 4.00% · elevated 4.00% and up full method

Core PCE: up 3 readings in a row.

Real Wage Growth (year-over-year)

Real wages: 0.53% — Up 0.5% from a year ago — paychecks are outpacing inflation. That’s the 55th percentile of all its readings since 1980.

How we score this: watch below 0.00% · ok 0.00% and up full method

Real wages: down 4 readings in a row.