US: PCE rose 0.7% YoY in April

FXstreet.com (Barcelona) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 0.7% in a year to April and contracted 0.3% on a monthly basis. The Core reading, which strips the food and energy costs, rose 1.1% over the last twelve months and came in flat MoM.

Personal Spending fell 0.2% and Personal Income posted no variation during the same period.