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HomeReal EstateApril PCE inflation comes in at 2.1%, nearing Fed goal

April PCE inflation comes in at 2.1%, nearing Fed goal

April PCE inflation comes in at 2.1%, nearing Fed goal

By: Kyle Campbell | Published: 2025-05-30 12:43:00 | Source: www.nationalmortgagenews.com

Krisztian Bocsi/Bloomberg

The Federal Reserve’s preferred measure of inflation continued to inch toward its 2% target last month, but the impact of higher tariffs have yet to reflect meaningfully in government data.

The headline Personal Consumption Expenditure, or PCE, index increased 2.1% on an annualized basis in April, according to a report released by the Bureau of Economic Analysis on Friday morning, down from the 2.3% year-over-year increase registered in March. 

Core PCE inflation, which factors out food and energy prices, came in at 2.5%, down from 2.6% the month prior. Both readings were in line with Wall Street expectations and matched the trajectory of the other key government price measure, the Consumer Price Index, which was released two weeks ago

The PCE report…

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