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.
The annual inflation rate shot higher in April as the war in Iran drove up energy and food prices, according to data released Tuesday by the Labor Department.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
By Lucia Mutikani WASHINGTON, May 28 (Reuters) - U.S. inflation increased at its fastest pace in three years in April, driven ...
U.S. consumer prices rose 2.7% in December from a year earlier, the Labor Department said Jan. 13, nearly in line with forecasters’ expectations. The final Consumer Price Index report of 2025 caps off ...
The recent surge in inflation is likely to get worse over the next several months, according to a survey Friday.
Consumer prices rose 2.4 percent over the past year and 0.2 percent in January alone, according to data released Friday by the Labor Department. The latest consumer price index report, which was ...