PCE Inflation 6.8% from 6.3% in the prior month — the highest rate since January 1982

 The core rate of inflation edged up to 4.8% from 4.7% in the 12 months ended in June. It had touched a 40-year high of 5.3% in February.

The Federal Reserve views the PCE index as the best barometer of inflation trends.

MarketWatch 29 July 2022 

https://www.marketwatch.com/story/coming-up-pce-inflation-and-consumer-spending-11659096833