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...
