Dossier
personal consumption expenditure index
Coverage of personal consumption expenditure index in the Nexus archive.
- Fed's preferred inflation index hit 4.1% in May amid the war with Iran
The Federal Reserve's preferred inflation gauge, the personal consumption expenditure index, rose 4.1% year-to-year in May, the highest level in three years. The increase occurred amid the war with Iran, as reported by CBS News correspondent Jo Ling Kent.