Based on the CPI and PPI readings for March, forecasters who do the math expect a very mild core PCE reading for March. The median forecast is 0.08%. (Note: PPI revisions suggest February's firm 0.37% core PCE reading gets revised up, potentially by a 0.1 pp, which means the year-over-year figure for March could print closer to 2.6%; without the upward revision to Feb, the mild March reading would instead yield 2.5% on a year-ago basis.) Headline PCE is projected to be flat in March, lowering the 12-month reading to 2.2 or 2.3%. Both the 12-month headline and core readings would be their lowest since March 2021.