US PCE Inflation Hits 3.8% in April as Broad Price Pressures Squeeze Household Budgets

Inflation is spreading beyond gasoline and into broader household spending, with the U.S. personal consumption expenditures price index rising 3.8% in April from a year earlier, according to Commerce Department data cited by Trading Economics and reported in broadcast coverage. Core PCE, which strips out food and energy, also climbed to , showing that price pressures are not limited to volatile fuel costs.