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U.S. Expenditures Rise Along With Inflation

Investopedia
 2021-07-31

Cover picture for the articleThe core personal consumption expenditures price index (PCE) notched a 0.4% increase last month, according to the Bureau of Economic Analysis (BEA), or 3.5% since last June, its highest annual increase in nearly 30 years. A key indicator of inflation used by the Federal Reserve to set monetary policy, the measure’s sharp ascent reflects how prices have risen rapidly for American consumers.

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