PCE Price Index

Inflation Was Worse Too!

The latest estimates of inflation in the first two quarters of the year show prices rose more rapidly than previously believed.

WASHINGTON, DC - AUGUST 9: U.S. President Joe Biden speaks before signing the CHIPS and Sc

Food Inflation Jumps to 41-Year High

The prices of food purchased by American households were up by 10 percent in April, the biggest jump in  since 1981. The personal consumption expenditure price index for food consumed off-premises rose one percent compared with the prior month, a

US President Joe Biden speaks during a meeting with his cabinet at the White House in Wash