The core personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month. The core annual reading was the highest since October 2023. The Fed's primary ...
Inflation rose 3.8% over 12 months in April, the highest since May 2023 and in line with forecasts. The Iran war has sent gas prices soaring, pushing up the overall inflation rate. "Core" inflation ...