Fed's preferred inflation gauge hits 3-year high
Consumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April 2023.
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Summary
Consumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April 2023. Consumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midterms The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for Donald Trump and his political party as midterm elections near. The US personal consumption expenditures (PCE) price index jumped 4.1% from a year earlier, up from 3.8% in April.
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Consumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April 2023.
reliability moderate2/2 sourcesConsumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midterms The Federal Reserve’s preferred inflation gauge rose to a new three-year high in May as gas prices peaked, a sign rising costs could pose political problems for Donald Trump and his political party as midterm elections near.
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The US personal consumption expenditures (PCE) price index jumped 4.1% from a year earlier, up from 3.8% in April.
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On a monthly basis, inflation was 0.4% last month, matching April’s increase and down from 0.7% in March.
omitted byCentercovered byLeft sideConsumer prices rose 4.1% in May from a year earlier, the US commerce department said Thursday, the largest annual increase since April…
omitted byCentercovered byLeft sideConsumer prices rose 4.1% in May from a year earlier – a sign rising costs could pose problem for Trump in midterms The Federal Reserve’s…
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