Dallas Fed Trimmed Mean PCE 2.2% annualized

Unchanged from May

The Dallas Fed's trimmed mean PCE is a core inflation measure based on the Commerce Department's price index for personal consumption expenditures. It strips out items that have shown especially large price movements in any given month.

• The Trimmed Mean PCE inflation rate for June was an annualized 2.2 percent.

According to the BEA, the

• Overall PCE inflation rate for June was 1.2 percent, annualized,
• The inflation rate for PCE excluding food and energy was 1.3 percent.