May 28, 2021 - Economy
Inflation jumped faster than expected in April
Add Axios as your preferred source to
see more of our stories on Google.
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.
- When examined over the last two decades, it's clear the past year of change is an anomaly, especially considering that inflation isn't always and necessarily a bad thing.
