Inflation gauges heat up again

The core Consumer Price Index and the core Personal Consumption Expenditures Price Index — both of which measure price changes over time — have climbed in recent months.

A line graph showing the changes in the core Consumer Price Index and the core Personal Consumption Expenditures Price Index from January 2024 through July 2025. Both indices fell for most of 2024 and the beginning of 2025, but began climbing in the most recent months of 2025, indicating stronger inflation.