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  • The Fed’s preferred gauge shows inflation rose 4.9% in April in a sign that price increases could be slowing

    From cnbc.com

    The Federal Reserve’s preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could be easing a bit, the Commerce Department reported Friday. That increase in the core personal consumption expenditures price index was in line with expectations and reflected a slowing pace from the 5.2% reported in March. The number excludes volatile food and energy prices that have been a major contributor to inflation running around a 40-year peak. The 0.3% increase on a monthly basis was the same as March and in line with Dow Jones estimates. Including ... (full story)

  •  Guest
  • | IP XX.XXX.125.78
Price increases are slowing.... means its still getting worse, just at a slower pace. Inflation will not come down until gas/diesel/oil prices come down. (And under this Admin., don't hold your breath!)
  •  Guest
  • | IP XX.XXX.54.102
I call Bulls..t; who can live without food and energy in modern society? In my opinion, this is nothing more than massaging the number to make it look good, when in fact food and energy prices are what effects consumers the most. How about we add in the "volatile food and energy prices and then look at the number.
Yep, inflation and oil prices have peaked, markets have bottomed and all is well.
I need whatever these experts are smoking. They pulled "4.9%" out of a hat.
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  •  Guest
  • | IP XX.XXX.38.49
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