US core consumer prices are accelerating once again. They have edged up from 2% YoY in March, the last month of the first quarter to 2.1% in April, th
May US CPI
May US CPI Preview
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%.