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It's not just food and energy — "core" inflation is up as well
More-expensive energy has the knock-on effect of increasing the costs of goods and services.
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6 prospettive sulla stessa storiaTimeline cronologica
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cnbc.com
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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benzinga.com
Fed's Favorite Inflation Gauge Hits 3-Year High, Fueling Rate-Hike Bets
PCE inflation rose further in May, reinforcing bets the Fed hikes rates by October as Chair Kevin Warsh keeps policy tight to cool prices.
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timesofindia.indiatimes.com
US inflation climbs above 4% for first time in three years as consumer spending stays resilient
US inflation accelerated above the 4% mark for the first time in three years in May, driven by higher energy prices following the Middle East conflict, while consumer spending…
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upi.com
Annual core inflation rose 3.4% in May, highest rate since 2023 - UPI.com
The core personal consumption expenditures rose at a 3.4% annual rate in May, setting the highest mark for inflation growth since October 2023.
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axios.com
Americans are still shopping, despite climbing energy costs
Both headline and core Personal Consumption Expenditures reached their highest year-over-year readings in about three years.
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marketplace.org
It's not just food and energy — "core" inflation is up as well
More-expensive energy has the knock-on effect of increasing the costs of goods and services.