Core PCE Inflation Rises 0.2% in April, Matching Forecasts The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) price index excluding food and energy, rose 0.2% in April, meeting expectations. Annually, core PCE increased by 2.8%, slightly above estimates. Including food and energy, PCE inflation was 2.7% annually and 0.3% monthly, also in line with forecasts. This measure is favored over the consumer price index (CPI) due to its broader scope and ability to account for changes in consumer behavior. Despite the slight rise, Fed officials, including Chair Jerome Powell, are concerned about the persistent inflation range. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Jerome Powell Expects Prolonged Rate Hold as Inflation Eases Slowly READ MORE Inflation Reporting's Blind Spot: The Cumulative Impact READ MORE JP Morgan: Is It a Golden Era for Gold? READ MORE OPEC Slashes Oil Demand Growth Outlook for 2024 and 2025 READ MORE Goldman Sachs: Bullish Outlook on Copper, Gold, and Oil READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment