As U.S. Economy Reopens, Will Higher Inflation Persist?
Percent change in core PCE from the same month in the previous year
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
Jan
2020
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Jan
2021
Feb
Mar
Apr
Federal Reserve long-run target
Federal Reserve long-run target
1.8%
1.9%
1.7%
0.9%
1.0%
1.1%
1.3%
1.4%
1.5%
1.4%
1.3%
1.4%
1.4%
1.4%
1.9%
3.1%