Federal Reserve’s Preferred Inflation Gauge Rises, Fueled by Higher Energy Prices

Cumulative and persistent above-trend inflation continues to impact U.S. households.

A woman shops while holding her child in a supermarket in Albany, Western Australia, on April 11, 2024. Susan Mortimer/The Epoch Times

The Federal Reserve’s preferred inflation gauge rose in April, highlighting persistent price pressures throughout the U.S. economy, suggesting that the progress on inflation has stalled.

The personal consumption expenditures (PCE) price index jumped by 0.3 percent in April, unchanged from the previous month, according to the Bureau of Economic Analysis (BEA). That was in line with market expectations.