Financial News: U.S. Consumer Prices Inch Up In Line With

U.S. Consumer Prices Inch Up In Line With Estimates In April

05/30/2025 - 09:14:00 (RTTNews)

(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of April, according to a closely watched report released by the Commerce Department on Friday.

The Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1 percent in April after coming in unchanged in March. The uptick matched economist estimates.

The report also said the annual rate of growth by the PCE price index slowed to 2.1 percent in April from 2.3 percent in March. Economists had expected growth to slow to 2.2 percent.

Excluding prices for food and energy, the core PCE price index still crept up by 0.1 percent in April following a revised 0.1 percent uptick in March. The modest increase came in line with expectations.

The annual rate of growth by the core PCE price index slowed to 2.5 percent in April from 2.7 percent in March, matching economist estimates.

The Federal Reserve's preferred readings on consumer price inflation were included in the Commerce Department's report on personal income and spending.

The Commerce Department said personal income increased by 0.8 percent in April after climbing by 0.7 percent in March. Economists had expected personal income to rise by 0.3 percent.

The report also said personal spending rose by 0.2 percent in April after growing by 0.7 percent in March. The modest increase matched economist estimates.

With income increasing by much more than spending, the personal savings rate jumped to 4.9 percent in April from 4.3 percent in March.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Twenty-Year Bond Auction Attracts Strong Demand (22 min(s), 08 sec(s) ago)
(RTTNews) - The Treasury Department on Wednesday announced the results of this month's auction ...Full Story»

Denmark Consumer Confidence Weakens Slightly (01 hr(s), 29 min(s), 08 sec(s) ago)
(RTTNews) - Pessimism among Danish consumers worsened increased somewhat in July after a strong de ...Full Story»

U.S. Crude Oil Inventories Fall More Than Expected (02 hr(s), 51 min(s), 08 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. decreased by more than expected in the week ended Ju ...Full Story»

U.S. Existing Home Sales Slump To Nine-Month Low In June (03 hr(s), 08 min(s), 08 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Wednesday showed existing ...Full Story»

South Africa Inflation At 4-Month High (06 hr(s), 42 min(s), 08 sec(s) ago)
(RTTNews) - South Africa's consumer price inflation accelerated to a four-month high in June, ...Full Story»

Singapore Inflation Steady At 0.8% (09 hr(s), 16 min(s), 08 sec(s) ago)
(RTTNews) - Singapore's consumer prices logged a steady growth in June, official data revealed ...Full Story»

Sri Lanka Central Bank Holds Policy Rate (09 hr(s), 33 min(s), 08 sec(s) ago)
(RTTNews) - Sri Lanka's central bank maintained its interest rate on Wednesday amid intensifyi ...Full Story»

Australia's Leading Index Signals Soft Economic Activity In H2: Westpac (11 hr(s), 15 min(s), 08 sec(s) ago)
(RTTNews) - Australia's leading index signaled soft economic activity through the second half ...Full Story»