If the (single-decimal) month-over-month percent change in the Personal Consumption Expenditures Price Index excluding food and energy is above 0.3% in May 2026 according to the Bureau of Economic Analysis, then the market resolves to Yes. The market will close at 8:25 AM ET on the expected release of the data. It will expire at the sooner of the first 10:00 AM ET following the release of the data, or one week after the expected release of the data.