Fed's preferred inflation gauge shows prices increased more than expected in February

The "core" Personal Consumption Expenditures (PCE) index, which strips out food and energy costs and is closely watched by the central bank, rose 0.4% from the prior month during February, above economists' expectations for a 0.3% increase. The reading was higher than the 0.3% increase seen in January.

Over the prior year, core prices rose 2.8%, above Wall Street's expectations of 2.7% and higher than the 2.6% seen in January. On a yearly basis, overall PCE increased by 2.5%, in line with economists' expectations.

https://finance.yahoo.com/news/feds-preferred-inflation-gauge-shows-prices-increased-more -than-expected-in-february-123310140.html