- The Federal Reserve’s preferred inflation gauge accelerated again in September, keeping prices elevated near a four-decade high, according to new data released Friday.
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The Personal Consumption Expenditures (PCE) index showed that core prices, which strip out the more volatile measurements of food and energy, climbed 0.5% from the previous month and rose 5.1% on an annual basis, according to the Bureau of Labor Statistics.
- Those figures are in line with the 0.5% monthly increase and 5.2% annual increase forecast by Refinitiv economists, indicating that inflationary pressures are broadening throughout the economy.
