Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

[mahatmakanejeeves]

3. From the source, the Bureau of Economic Analysis

EMBARGOED UNTIL RELEASE AT 8:30 a.m. EDT, Friday, June 28, 2024
BEA 24—28

Personal Income and Outlays, May 2024
Personal income income increased $114.1 billion (0.5 percent at a monthly rate) in May, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $94.0 billion (0.5 percent) and personal consumption expenditures (PCE) increased $47.8 billion (0.2 percent).

The PCE price index decreased less than 0.1 percent. Excluding food and energy, the PCE price index increased 0.1 percent (table 5). Real DPI increased 0.5 percent in May and real PCE increased 0.3 percent; goods increased 0.6 percent and services increased 0.1 percent (tables 3 and 4).

{snip}