The core PCE price index in the USA, which the Federal Reserve prefers to use for measuring inflation, rose by 0.2% in April 2024 compared to the previous month, following a 0.3% increase in March. This marked the slowest growth in 2024 and was below market expectations of a 0.3% increase. Compared to the previous month, core PCE inflation remained unchanged at 2.8%, the lowest since March 2021, but still significantly above the Fed's target level of 2%.

The US Personal Consumption Expenditures (PCE) price index in April 2024 increased by 0.3% month-over-month, as it did in the previous two months, aligning with market forecasts. Additionally, the core index, excluding food and energy, rose by 0.2%, below the 0.3% increases in March and February and the 0.3% expectations. Meanwhile, the annual PCE figure stabilized at 2.7%, pausing after accelerating in March, while the annual core PCE inflation also remained unchanged at 2.8%, meeting forecasts.