Inflation measure closely watched by the Fed rises 2.6% in May
Labor Department releases closely watched inflation data
![Inflation measure closely watched by the Fed rises 2.6% in May](https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2023/11/0/0/inflation-49.jpg?ve=1&tl=1)
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The personal consumption expenditures (PCE) index showed that prices were unchanged from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.6%. Both of those figures are in line with expectations.
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