The core PCE price index rose 0.12% in April, a second straight mild monthly reading
— Nick Timiraos (@NickTimiraos) May 30, 2025
12-month core inflation ticked down to 2.5%, the lowest since Feb 2021
Headline prices rose 0.10%, dropping the 12-month reading to 2.1%, near the post-reopening low recorded last September https://t.co/6KklmkBpqO pic.twitter.com/gAbnrwxK9o
Economists expect both the overall personal consumption expenditures price index and the core rate, which excludes food and energy, to rise 0.1% in April. That would lower the broad PCE (Personal Consumption Expenditures) inflation rate to 2.1%. The core rate, central to Fed policy, is seen dipping to 2.5% from the initially reported 2.6% in March.
I believe Tariffs were supposed to raise prices.
Also, at the same time, Toyota had a record sales month. Shouldn't this drive inflation up?
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