Feds Preferred Inflation Gauge Rises to Highest Level Since May 2023

A man at a gas station in Columbia, Md., on May 17, 2023. Madalina Vasiliu/The Epoch TimesConsumers felt another month of inflation’s squeeze in April, new U.S. government data released on May 28 show.The personal consumption expenditures (PCE) price index—the Federal Reserve’s preferred inflation measurement—shot up to 3.8 percent last month, according to the Bureau of Economic Analysis.