May 28, 2021 - Economy & Business

Inflation jumped faster than expected in April

Data: BEA via FRED Chart: Axios Visuals
Data: BEA via FRED Chart: Axios Visuals

Inflation in April, as measured by the core Personal Consumption Expenditures (PCE) index, rose 0.7% over the past month, faster than expected.

Why it matters: Core PCE is the Fed's preferred measure of inflation when determining monetary policy.

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