Annual PCE inflation for April was 2.1%, in line with expectations - UPI.com

April personal consumption expenditure inflation was up just 0.1% for an annual inflation rate of 2.1%, according to a Friday Bureau of Economic Analysis report. File Photo by John Angelillo/UPI | License Photo

May 30 (UPI) -- April personal consumption expenditure inflation was up just 0.1% for an annual rate of 2.1%, according to a Friday Bureau of Economic Analysis report.

"From the same month one year ago, the PCE price index for April increased 2.1%," the BEA report said. "Excluding food and energy, the PCE price index increased 2.5% from one year ago."

For the month, PCE inflation met the Dow Jones consensus forecast, but the annual rate was 0.1% lower than expected.

"From the preceding month, the PCE price index for April increased 0.1%. Excluding food and energy, the PCE price index also increased 0.1%.," the BEA said.