Dossier
core prices
Coverage of core prices in the Nexus archive.
- Key inflation gauge jumps to 3-year high in latest sign of affordability challenges
The Federal Reserve’s preferred inflation gauge rose to a three-year high in May, driven by higher gas prices and demand for computer equipment. Core prices, excluding energy and food, increased to 3.4% annually, the largest rise since October 2023, while the Fed remains focused on returning inflation to its 2% target.