(Nam Y. Huh/AP)September 26, 2025 10:06 AM, EDTAccording to a recent report from the Commerce Department, inflation as measured by the personal consumption expenditures (PCE) price index saw a slight uptick of 2.7% in August compared to the same month last year. This marks an increase from July’s rate of 2.6%, representing the highest level since February. If we exclude volatile food and energy prices, core PCE inflation remained steady at a 2.9% rise year-over-year for August—unchanged from July’s figures and aligning with economists’ predictions. The latest PCE inflation data aligns with expectations:August PCE inflation stands at 2.7% (y/y)Core PCE inflation also holds at 2.9% (y/y) This data reflects an increase from April lows but remains modest overall. Meanwhile, wages grew slightly less robustly at just a third percent over July’s numbers after previously climbing half percent.