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Published 11 days ago

Inflation ticked higher in March as incomes, spending rose

Summary by The Hill
Inflation picked up slightly in March as Americans saw their paychecks rise and kept up a sturdy pace of spending, according to data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred gauge of inflation, rose 0.3 percent in March and 2.7 percent over the past year. The monthly inflation rate held firm, as economists expected, while the annual inflation rate ticked …

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