The core Personal Consumption Expenditures Price Index rose 0.3% in March from the previous month and 2.8% year-over-year, according to the latest Bureau of Economic Analysis data released Friday.
The Fed’s target is 2% inflation in the PCE index. From February to March, inflation rose 0.3%, which is about in line with forecast expectations. Core PCE inflation, a measure of inflation ...
The Producer Price Index — the metric that tracks the prices of products sold as they leave manufacturers — rose 2.1% in March versus a year earlier — its steepest gain since April 2023 ...
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The personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred gauge of inflation, rose 0.3 percent in March and 2.7 percent over the past year. The monthly inflation ...