Consumer Price Index


May US CPI

May US CPI Preview

US CPI Preview: Higher is better

The Fed’s March Projection Materials estimated that the core Personal Consumption Expenditure (PCE) price index, its preferred measure, would be 2.0% for 2019. In the first quarter actual core PCE price changes measured 1.7%. The projection for overall PCE inflation had been reduced to 1.8% in March from 1.9% in December. First quarter PCE prices were 1.4%.


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