Core PCE Inflation At 3.4% In May, Highest Level Since 2023

The Federal Reserve’s preferred inflation gauge, the core PCE price index, climbed 3.4% year-over-year in May, matching the ...

Core PCE inflation rises in line with consensus in May; personal income, spending exceed expectations

M/M vs. +0.3% consensus and +0.3% prior (revised from +0.2%), according to data released by the Bureau of Economic Analysis ...

Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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Core consumer inflation excluding food and energy rises 2.8% as underlying price pressures linger

Behind the headline numbers, the cost of simply living keeps rising in ways that are hard to ignore ...