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April 12-month consumer inflation hit 3.8%; disposable income, savings drop - UPI.com
The annual inflation rate for the year ending in April climbed to 3.8%, up 0.4% on a month-to-month basis, the Commerce Department reported Thursday.
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apnews.com
Key inflation gauge worsens, eroding Americans' income and spending power
A key inflation gauge accelerated in April to the highest level in three years, the latest sign that spiking gas prices and higher food costs are squeezing Americans’ finances.
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cnbc.com
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows
The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
