Fed's preferred inflation gauge hits 3-year high

Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
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Headline inflation just hit the highest level in 3 years. Yet there's plenty of good news in the report for new Fed chair Kevin Warsh

Headline inflation of 4.2% is the highest annual rate in three years. However, much of the growth is being driven by higher energy prices. Stripping out more volatile food and energy prices, core ...
CNBC

Inflation held sticky at 3% as U.S. headed into war with Iran, key Fed gauge shows

The core personal consumption expenditures price index rose a seasonally adjusted 3% in February, the Commerce Department reported. The all-items headline inflation measure increased 2.8%. In addition ...
RealClearMarkets

Headline CPI Number Is Hot, While Core Inflation Is Not

The financial press needed only minutes to take a hot CPI headline number and turn it into a Fed-panic story. CNN promptly won the ugly-poster-child award, telling viewers that consumer prices “spiked ...
Seeking Alpha

The inflation process has shifted even as headline CPI declined – Federal Reserve

Nearly six years after the onset of the COVID-19 pandemic, the underlying inflation process in advanced economies has fundamentally shifted, even as headline consumer price inflation has declined ...
Newsweek

Energy Pushes Inflation Above 4 Percent for First Time in Three Years

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Prices continue to rise at an accelerated rate in 2026, driven by fuel ...
Opinion
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Underlying inflation is still too high, keeping another interest rate hike on the table

The latest inflation figures released by the Australian Bureau of Statistics look, at first glance, like good news. The headline rate for May rose 4.0% over the past year, down from 4.2% in April.