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What will be the highest annual PCE inflation in a report released between September 2025 and the midterms?
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Nov 3
4.77 %
expected
12%
Above 5%
5%
Above 6%
5%
Above 7%
3%
Above 8%
1.7%
Above 9%

The number I'm looking at is this one:

"From the same month one year ago, the PCE price index for July increased 2.6 percent."

https://www.bea.gov/news/2025/personal-income-and-outlays-july-2025

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@Plant the title's "in a report released" wording led me to read this as the max of published figures during the window; under that interpretation the june report's 4.1% qualifies even though the figure was subsequently revised. is that how you intended it?

@perfperfperf I think your interpretation is the clear implication of the title's wording. Lord knows what was going through my head when I made this market.

@MaxA i think the key wording is the title's "highest annual PCE inflation in a report released," and the june report explicitly listed may at 4.1%

the estimate was revised later, but the original qualifying report still released with a figure above 4%; i took the resolution criteria to mean taking the max(figures reported), using the latest revised historical series would be a different criterion (imo).

thus, 4% already met the condition for resolving yes

@perfperfperf This is a valid reading. Now the author will need to decide. Or maybe they fact there's been no resolution after three months is already the answer.

Tarrifs are currently running at about 1% of GDP. Consumption is about 66% of GDP. If the entire extra 1% of GDP is passed onto consumers (which is unlikely), that would increase inflation by an extra 1.5%.

If it was 2.7% pre tarrifs, that would take it up to ~4.2%.