The U.S. Bureau of Economic Analysis (BEA) announced that the U.S. core Personal Consumption Expenditures (PCE) price index rose 0.2% month-over-month in April. This figure was below the expert consensus estimate of 0.3%. Year-over-year, it increased by 3.3%, matching the expert consensus estimate of 3.3%. The core PCE price index, which excludes volatile energy and food items, is considered by the Federal Reserve to be the most accurate inflation indicator.
