US Fed’s preferred inflation gauge rose by 3.8% in April

In April, the inflation rate in the United States, as indicated by the Federal Reserve's preferred Personal Consumption Expenditures (PCE) index, increased by 3.8% compared to the same month in the previous year. This marks the highest year-on-year inflation rate recorded since 2023. The rise in the PCE index reflects ongoing economic pressures and shifts in consumer spending patterns. Further details on the implications of this increase for the economy and monetary policy are available in the full report.

Read More