CPI readings tend to run about 0.2 to 0.3 percentage points higher than the PCE, Seydl said. "We're not that far away," Seydl said. "By the end of this year, we'd expect the year-over-year rates ...

The PCE price index accelerated for the third month in a row, to 2.6% year-over-year in December, the worst increase since ...

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The central bank uses a similar but different inflation gauge than the CPI, known as the personal consumption expenditures price index, or PCE. "The bulk of this progress is behind us now and ...