PCE rose 0.1% in April after being little changed in March. Over the past 12 months, PCE increased by 2.1%, slightly below analysts’ expectations of 2.2% but 0.1 percentage points lower than April’s annual rate of 2.3%.

Core PCE declined to 2.5% from 2.6% year-over-year and also increased 0.1% in April, slightly below analysts’ expectations of 2.6% and in line with the anticipated monthly increase of 0.1%, respectively.

Relevant Sources:
Bureau of Economic Analysis Release: bea.gov