US Core Personal Consumption Expenditures Price Index Up 2.8% YoY in April, Meeting Expectations

The Personal Consumption Expenditures (PCE) price index, a key indicator for the U.S. Federal Reserve's (Fed) policy decisions, matched market expectations last month.

Gasoline price board at a gas station in Chicago, Illinois, on March 12 (local time). [Photo by Getty Images] [Image source=Getty Images Yonhap News]

On the 31st (local time), the U.S. Department of Commerce announced that the April PCE price index rose 2.7% compared to the same month last year. This figure is the same as the previous month (2.7%) and also met the forecast (2.7%).

The core PCE, which excludes the volatile energy and food and beverages sectors, also rose 2.8% year-over-year, the same as last month.