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Core inflation hit an annual rate of 3.3% in April, as expected
Posted
May 28, 2026
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1:01Now PlayingInflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed.
The personal consumption expenditures price index increased a seasonally adjusted 0.4% for the month, putting the 12-month inflation rate at 3.8%, the Commerce Department reported.
CNBC's Rick Santelli reports.
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