The core Personal Consumption Expenditure price index — the Fed’s preferred gauge of inflation — rose 0.3% in February and 2.8% year-over-year, according to the latest federal data released ...
Measured from a year earlier, prices were up 2.7% in March, up from a 2.5% annual rise in February. After peaking at 7.1% in 2022, the Fed’s favored inflation index steadily cooled for most of 2023.
WASHINGTON — (AP) — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday ...
By contrast, inflation in services — a vast range of items ranging from hotel rooms and restaurant meals to healthcare and concert tickets — slowed to a 0.3% increase, from a 0.6% rise in January.