The Fed has the core PCE deflator at 2.25% to 2.5% year-over-year in the fourth quarter of 2006.

FORBES: Hike More, Eat Less

The core PCE price index, which excludes food and energy prices, increased one point more than it did in April, moving up 0.3%.

FORBES: Consumer Spending Hit Speedbump In May: Markets Responding With Resilience

The second quarter advanced GDP price index rose 1.1%, well short of the 2.4% expectation, while core PCE jumped 2.1%, versus the 2.0% outlook.

FORBES: Magazine Article

We think low real interest rates, a weak dollar and plentiful U.S. and global liquidity argue that core inflation (both core CPI and the core PCE deflator) will continue rising, not subside.

FORBES: The End Times Are Here