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Economy/Business / Prices rises sharply again, PCE shows, and signals progress on slowing inflation stalls
« Last post by libertybele on Today at 09:11:24 pm »Regardless of what the stats indicate, have you been to the grocery store lately? I couldn't believe how much groceries have gone up since the last time I shopped -- I estimate I spent $110-$120 more this month than last. Let's Go Brandon!!!!
Prices rises sharply again, PCE shows, and signals progress on slowing inflation stalls
Prices in the U.S. jumped again in March based on the Federal Reserve’s preferred PCE index, signaling that progress on reducing inflation has stalled.
The PCE index rose 0.3% last month, the government said Friday. Economists polled by The Wall Street Journal had forecast a 0.3% gain.
The more closely followed core rate that strips out food and energy also increased 0.3%. The core index is viewed as a better predictor of future inflation.
The inflation readings in February and January, meanwhile, were revised to show slightly bigger increases than previously reported. But the changes were small enough that the prior estimates for headline and core PCE were basically unchanged due to rounding.
The yearly rate of inflation, meanwhile, climbed to 2.7% from 2.5%.
The rate of core inflation in the 12 months ended in March was unchanged at 2.8%..............
https://www.marketwatch.com/livecoverage/march-pce-report-hot-inflation-reading-forecasted-after-gdp-data/card/prices-rises-sharply-again-pce-shows-and-signals-progress-on-slowing-inflation-stalls-ybnTskvnrmraHcqNYnbW?mod=home-page
Prices rises sharply again, PCE shows, and signals progress on slowing inflation stalls
Prices in the U.S. jumped again in March based on the Federal Reserve’s preferred PCE index, signaling that progress on reducing inflation has stalled.
The PCE index rose 0.3% last month, the government said Friday. Economists polled by The Wall Street Journal had forecast a 0.3% gain.
The more closely followed core rate that strips out food and energy also increased 0.3%. The core index is viewed as a better predictor of future inflation.
The inflation readings in February and January, meanwhile, were revised to show slightly bigger increases than previously reported. But the changes were small enough that the prior estimates for headline and core PCE were basically unchanged due to rounding.
The yearly rate of inflation, meanwhile, climbed to 2.7% from 2.5%.
The rate of core inflation in the 12 months ended in March was unchanged at 2.8%..............
https://www.marketwatch.com/livecoverage/march-pce-report-hot-inflation-reading-forecasted-after-gdp-data/card/prices-rises-sharply-again-pce-shows-and-signals-progress-on-slowing-inflation-stalls-ybnTskvnrmraHcqNYnbW?mod=home-page
