The saving rate jumped to a one-year high of 4.9% from 4.3% in March. Inflation was benign in April, with retailers likely still selling inventory accumulated before the tariffs.

Inflation fell more than expected, dropping nearly to the Federal Reserve's target of a 2% annual rate by one measure. Consumer prices rose 2.1% over the year in April as measured by Personal ...

Core PCE inflation, which is the Federal Reserve’s favored measure of price changes as it excludes more volatile food and energy categories, was 2.5% in April, lower than projections of 2.6%.

The Federal Reserve's preferred inflation gauge, the PCE index, showed that price growth eased in April as inflation numbers trended closer to the central bank's target.

April personal consumption expenditure inflation was up just 0.1% for an annual rate of 2.1%, according to a Friday Bureau of Economic Analysis report.

Inflation fell two-tenths of a percentage point to 2.1% for the year ending in April, the Bureau of Labor Statistics reported Friday in an update to the Federal Reserve’s preferred gauge.

Friday’s inflation data is welcome news for the Fed, which is weighing the right time to continue cutting its benchmark interest rate from its current level of between 4.25 and 4.50 percent.

Economists expect that core inflation, which excludes volatile food and energy prices, was 0.12% on a monthly basis in April and 2.5% on an annual basis. “We’re expecting a pretty soft number ...

April’s inflation data will be published tomorrow morning at 7.00am. Brace yourself for a significant jump. The Bank of England thinks the headline rate will rise to 3.4%, up from 2.6% last month.

Annual inflation slowed in April to its lowest level in four years, as falling prices for gasoline and groceries helped offset rising housing costs. Overall prices rose 2.3% last month from a year ...

The Federal Reserve will have little reason to change its wait-and-see stance as a result of April's inflation reading from the consumer-price index. The figures were largely in line with the ...

U.S. April wholesale inflation measured by the Producer Price Index fell 0.5%, seasonally adjusted. That's the biggest drop since 2020, according to the Bureau of Labor Statistics.