Latest PCE inflation data released today shows that inflation slightly rose in March and increased 0.1 percent, according to the Bureau of Economic Analysis, matching estimates from briefing.com.
The price index for PCE increased 0.1 percent in March after a decrease of 0.1 percent in February.
The March PCE price index has increased 0.8 percent from March a year ago.
The Core PCE price index, excluding food and energy, increased 0.1 percent in March, compared with an increase of 0.2 percent in February.
The Core PCE price index, excluding food and energy, increased 1.6 percent from March a year ago, and dropped slightly from 1.7 percent in February.
Based on latest Fed projections from the March FOMC meeting, the Core PCE Index, excluding food and energy, is expected to rise in a range of 1.4 to 2.1 percent in 2016.
The Federal Reserve has an inflation target of 2 percent.
On Wednesday the Fed decided to leave its benchmark interest rate with the federal funds unchanged.