Key inflation indicator rose 3.1% from a year ago, highest since 1992
NY Post
A key inflation indicator rose 3.1 percent in April from a year ago as costs continued to grow in the US economy just as it’s mounting a comeback from the pandemic, the feds said Friday.
It is the most since July 1992 that the core personal consumption expenditures index has risen over 12 months. The so-called core PCE index, which excludes food and energy, rose 0.7 percent from March, the highest month-over-month rise since October 2001, the Commerce Department reported.More Related News
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