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Keyword: unexpectedinflation

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  • Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

    05/30/2025 7:25:27 AM PDT · by abb · 16 replies
    CNBC ^ | May 30, 2025 | Jeff Cox
    The personal consumption expenditures price index, the Federal Reserve’s key inflation measure, increased just 0.1% for the month, putting the annual inflation rate at 2.1%. Core inflation also was at 0.1% for the month though it was higher on an annual level at 2.5%. Consumer spending, though, slowed sharply for the month, posting just a 0.2% increase, while the savings rate surged to 4.9%, the highest in nearly a year.