US Inflation Rises in Line with Expectations in April
Friday, 31 May 2024, 12:35
US Inflation Rises in Line with Expectations in April
The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March. In the 12 months through April, the PCE price index rose 2.7% after advancing 2.7% in March. The PCE price index is one of the inflation measures tracked by the U.S. central bank for its 2% target.
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