The Federal Reserve’s preferred inflation gauge rose more than expected in May and the annual rate climbed further above central bankers' 2% goal, according to government data released Friday.

The U.S. Bureau of Economic Analysis announced Friday that core inflation jumped higher than expected last month.

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

U.S. wholesale prices rose modestly last month from a year earlier, another sign that inflationary pressures remain mild.

The PCE price index was projected to rise 0.1% in May, with the annual inflation rate at 2.3%, according to the Dow Jones consensus.

Grocery prices rose 0.3% from April to May, and are up 2.2% in the past year. Fruits and vegetables, breakfast cereals, and frozen foods all rose last month.

The annual inflation rate will pick up considerably in the following months, under the transitory impact of the expiry of the electricity price capping scheme and the increase in VAT rates and excise ...

The Manheim Used Vehicle Value Index climbed to 208.5, up 6.3% year over year and 1.6% month over month, reflecting seasonal ...

Consumers paid 1.9% more in February than a year ago for the basket of goods and services in the Consumer Price Index [CPI].

Kampala, Uganda | THE INDEPENDENT | Uganda’s headline inflation for the 2024/25 financial year averaged 3.4%, reflecting ...

Year-over-year inflation rose just under 2 per cent in the year to February, the Government reported today. Consumers paid ...