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The 6-Month “core services” PCE price index jumped 4.2% annualized, pushed the 6-month core PCE to 4.1%, worst since June 2023. By Wolf Richter for WOLF STREET. The price of gasoline was still a big driver of inflation in May, though in recent weeks, gasoline prices have dropped as crude oil prices have plunged, and gasoline will slowly fade as a source of inflation. But inflation in core services...
Inflation in “Core Services” Surges, plus AI’s Impact on Electricity & Goods: Inflation beyond Gasoline | Huntaegis