PCE inflation index rises to 4.1% in May as oil prices drive costs higher
By
Rob Wile
Summary
The personal consumption expenditures (PCE) index, a key measure of inflation, rose to 4.1% annually in May — the highest since April 2023 — driven by surging oil prices. Core PCE (excluding food and energy) hit 3.4%, the highest since October 2023. Monthly figures showed the index rising 0.4% overall and core rising 0.3%. Despite accelerating price growth, U.S. consumers appear to be maintaining their spending levels and not yet pulling back significantly.
Source
bskyPCE inflation index rises to 4.1% in May as oil prices drive costs highernbcnews.comKey quotes
· 3 pulledA key measure of price growth accelerated in May as surging oil prices pushed costs higher.
The personal consumption expenditures index rose to 4.1% on a yearly basis, the highest reading since April 2023.
Stripping out volatile food and energy costs, so-called core PCE measured 3.4%, the highest reading since October 2023.
You might also wanna read
US inflation rises to 3.8% in April, highest since May 2023, driven by Iran war energy costs
US inflation rose to 3.8% in April, its highest level since May 2023, driven primarily by surging gasoline and grocery costs as consumers in
BBC News·1mo ago
Producer Price Index rises 1.1% in May 2026, matching April's increase
The U.S. Bureau of Labor Statistics released the Producer Price Index (PPI) for May 2026, reporting that the Producer Price Index for final
bls.gov·14d ago
July Producer Price Index Surges 0.9%, Exceeding Expectations
The producer price index (PPI) rose 0.9% in July, significantly exceeding the expected 0.2% increase. This unexpected rise impacted stock ma
cnbc.com·10mo ago
US Wholesale Inflation Hits Three-Year High in July Due to Tariff-Related Costs
US wholesale inflation surged in July, marking the highest increase in three years, driven by companies passing on higher import costs linke
bloomberg.com·10mo agoAugust 2025 Consumer Price Index Shows 0.4% Monthly Increase
The U.S. Bureau of Labor Statistics released the Consumer Price Index (CPI-U) data for August 2025, showing a 0.4 percent increase on a seas
bls.gov·9mo ago
U.S. Inflation Hits 3.8% in April, Reaching Three-Year High Amid Economic Disapproval
Inflation in the U.S. rose 3.8% in April, reaching its highest level since May 2023 and a three-year high, as the economic impact of Donald
Rolling Stone·1mo ago
Comments
Sign in to join the conversation.
No comments yet. Be the first.