Inflation Remains Steady in April
2 hours ago
Consumer prices, as measured by the Bureau of Economic Analysis’ Personal Consumption Expenditures (PCE) measure, rose 0.3% in April from March. That made for a 2.7% year-over-year gain, according to the inflation measure released Friday.
Those figures were the same as in March and matched predictions from forecasters surveyed by Dow Jones Newswires and The Wall Street Journal.
This result could quell fears that price increases are reaccelerating, which were sparked by hotter-than-expected inflation in the first quarter.
More importantly, “core” inflation, which excludes volatile prices for food and energy, rose 0.2%, slowing down from the 0.3% rate in March. That’s significant because officials at the Federal Reserve pay close attention to core inflation. They see it as an indicator of broader inflation trends and…
