May US Core PCE Price Index rises YoY 4.6% Vs. expected 4.7% gain, prior 4.7% gain.
The increase prices over the past year slowed to 3.8% from 4.3% and dropped to the lowest level in two years, the government said Friday. Waning gas and food prices have played a big role in restraining inflation this year.
A separate gauge that omits food and energy rose a sharper 0.3%, however. Wall Street expected a 0.3% increase.
The rise in the so-called core PCE rate of inflation over the past year dipped to 4.6% from 4.7%. It’s fallen more slowly than the headline number and suggests inflation is likely to persist for some time.
Inflation is slowing, but it’s still too high for the Fed. Senior Fed officials worry that rising labor costs and price increases in major parts of the economy such as housing could keep inflation at elevated levels for a few more years. The latest PCE report is unlikely to give the Fed reason to continue to pause rate hikes at its next big meeting in July, MarketWatch reported.
5月美國核心個人消費支出價格指數同比上漲4.6％，而預期的漲幅爲4.7％，之前的漲幅爲4.7％。
政府週五表示，過去一年的價格上漲幅度從4.3％放緩至3.8％，並降至兩年來的最低水平。今年，天然氣和食品價格的下跌在抑制通貨膨脹方面發揮了重要作用。
但是，另一項省略食物和能源的指標上漲了0.3％。華爾街預計上漲0.3％。
過去一年，所謂的核心個人消費支出通貨膨脹率的上升幅度從4.7％降至4.6％。它的下降速度比標題數字要慢，這表明通貨膨脹可能會持續一段時間。
通貨膨脹正在放緩，但對美聯儲來說仍然過高。美聯儲高級官員擔心，勞動力成本上漲和住房等主要經濟部分的價格上漲可能會使通貨膨脹率在未來幾年內保持在較高水平。據MarketWatch報道，最新的PCE報告不太可能讓美聯儲有理由在7月的下一次重要會議上繼續暫停加息。
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