“The Core Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose 4.6% year-over-year in May 2023, slightly down from both the previous and expected 4.7%,” said the U.S. Bureau of Economic Analysis on Friday.
“The headline measure of the PCE inflation, which includes energy and food, rose 3.8%, well below the previous 4.3% increase but in line with estimates,” said BEA.
