BUSINESSQUARTZ
Inflation surges past 4% — but consumers keep spending
Inflation, as measured by the PCE price index, hit 4.1%, its highest level since 2023. Consumer spending remained stable despite the rise in inflation.
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Adjacent reporting
- Inflation hits 4.1 percent in May, highest level in 3 years
- Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
- Inflation surpassed 4% for the first time since 2023
- Consumer prices rose 3.8% annually in April, the highest since May 2023
- Chart of the Week: US headline inflation matters to consumers
- UK Inflation Rose to 3.3% in March