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Inflation measure closely watched by the Fed rises 0.3% in April

Posted on AllSides May 31st, 2024
From The Right

An inflation measure closely watched by the held steady in April as elevated prices continue to weigh on millions of Americans. The personal consumption expenditures index showed that prices rose 0.3% from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.7%. Both of those figures are in line with expectations. In another sign that inflation remains stubbornly high, core prices — which strip out the more volatile measurements of food and energy — climbed 0.2% from the previous month. From a year ago, prices...

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