Key inflation gauge rose last month while Americans cut back on spending

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Key inflation gauge rose last month while Americans cut back on spending

thehill.com/business/inflation-pce-economy

A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending.
Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, the Commerce Department said Friday. Excluding the volatile food…

This story appeared on thehill.com, 2025-06-27 12:41:39.