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 Gold Poised for Third Quarterly Gain as Investors Await US Inflation Data READ MORE Biden Administration Cancels $6.1 Billion in Student Debt for 317,000 Amid Fraud Claims READ MORE OPEC+ Negotiates Long-Term Extension of Oil Output Cuts READ MORE ING Gold Monthly: The Bull Run Isn't Over Yet READ MORE Gold Prices Skyrocket as China Increases Purchases and Speculation Intensifies READ MORE Add a Comment Cancel replyYour email address will not be published.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