Fed's preferred inflation index hit 4.1% in May amid the war with Iran

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Community Watch System Admin Verified Rancho Cordova, CA 95742 Jun 26, 2026 1:00 am

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May's personal consumption expenditure index, the Federal Reserve's preferred inflation gauge, rose 4.1% year to year, the highest level in three years. CBS News senior business and tech correspondent Jo Ling Kent has more.

Original source: https://www.cbsnews.com/video/pce-inflation-index-may-amid-war-iran/

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