Key Fed inflation measure rose 2.8% in March from a year ago, more than expected

https://www.cnbc.com/amp/2024/04/26/pce-inflation-march-2024-key-fed-inflation-measure-rose-2point8percent.html

Inflation showed little signs of letting up in March, with a key barometer the Federal Reserve watches closely showing that price pressures remain elevated.

The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, the same as in February, the Commerce Department reported Friday. That was above the 2.7% estimate from the Dow Jones consensus.