May PCE Core Deflator Rises Lower-Than-Expected at 0.1%
June 27, 2008 – 4:10 amThe Federal Reserve’s preferred measure of inflation,
the personal consumption expenditures (PCE) core deflator, advanced by
0.1% (0.113%) in May, below expectations and contributing to a year-over-
year change of 2.1% (2.139%), according to a report released from the
Commerce Department on Friday morning.