Verified source report
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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The personal consumption expenditures price index was expected to show a 4.1% annual increase.
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What happened
According to CNBC’s source item, Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows, The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-06-25T13:30:56+00:00.
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Source
Primary source: Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows via CNBC. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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- Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge showsCNBC - 2026-06-25T13:30:56+00:00
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