Inflation Stayed High in May, According to Fed’s Preferred Measure
Inflation remained elevated in May, measured by the Federal Reserve’s preferred gauge, driven in large part by a jump in energy and food prices.
Consumer prices rose 6.3% in May from a year earlier, the same as in April but down slightly from 6.6% in March, as measured by the Commerce Department’s personal-consumption expenditures price index, which it reported Thursday. The March rise was the fastest since January 1982.
Inflation remained elevated in May, measured by the Federal Reserve’s preferred gauge, driven in large part by a jump in energy and food prices.
Consumer prices rose 6.3% in May from a year earlier, the same as in April but down slightly from 6.6% in March, as measured by the Commerce Department’s personal-consumption expenditures price index, which it reported Thursday. The March rise was the fastest since January 1982.
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