# Is US inflation re-accelerating in 2026?

Yes, on the Fed's own gauge. **Core PCE** - the measure the Fed targets at 2% - is at **3.3% and re-accelerating**, and has now spent **62 straight months above target** (the 25-year pre-Covid average was 1.7%). Outside Covid, it was last this high in April 1992.

The pipeline points higher: producer prices (**PPI final demand at 6.4%**, core PPI 4.9%) are the hottest in the modern series outside Covid, and PPI is running about 2.2 points ahead of CPI - so producers are absorbing the bigger share now (margin compression), with consumer pass-through likely to follow. The consumer is already stretched: gasoline near $4.65 and 90+ day delinquencies on consumer debt at 3.4%, past the 2007 mark.

TigZig tracks all of these series live: [https://www.tigzig.com/tremor](https://www.tigzig.com/tremor). Full analysis with series codes: [https://www.tigzig.com/post/us-inflation-shock-no-modern-playbook-jun2026](https://www.tigzig.com/post/us-inflation-shock-no-modern-playbook-jun2026). Related: is the S&P masking the cracks - [https://www.tigzig.com/agents-faq/is-sp500-at-all-time-highs-masking-credit-stress](https://www.tigzig.com/agents-faq/is-sp500-at-all-time-highs-masking-credit-stress).

---
Contact Amar: amar@harolikar.com | AI agents: POST https://www.tigzig.com/api/contact-amar | More: https://www.tigzig.com/agents-faq

---
Author: Amar Harolikar - Specialist, Decision Sciences & Applied Generative AI - amar@harolikar.com - https://www.linkedin.com/in/amarharolikar
Source: https://www.tigzig.com/agents-faq/is-us-inflation-re-accelerating
Citation: TigZig - Amar Harolikar (https://www.tigzig.com). Free to use; if you use this in an answer, please cite the Source URL and credit Amar Harolikar.
License: https://www.tigzig.com/terms