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Source: US Department of Labor Source: US Department of Commerce <br />Inflation <br />The Consumer Price Index (CPI)increased in April 0.4%month-over-month and 4.9%year-over-year,down from 5.0%in March.The Core CPI, <br />which excludes volatile food and energy components, rose 0.4% month-over-month and 5.5% year-over-year, decelerating from 5.6% in March. <br />The Personal Consumption Expenditures (PCE)index rose 4.4%year-over-year inApril,up from a 4.2%year-over-year gain in March.Core PCE, <br />the Federal Reserve’s preferred inflation gauge,increased 4.7%year-over-year in April,up slightly from a 4.6%increase in March.Core <br />inflation remains stubbornly elevated above the Fed's 2% target, with service-sector inflation and strong wage growth as headwinds. <br />0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br />Personal Consumption Expenditures (PCE) <br />PCE Price Deflator YOY % Change <br />PCE Core Deflator YOY % ChangeYOY( %) Change0.0% <br />1.0% <br />2.0% <br />3.0% <br />4.0% <br />5.0% <br />6.0% <br />7.0% <br />8.0% <br />9.0% <br />10.0% <br />Consumer Price Index (CPI) <br />CPI YOY % Change <br />Core CPI YOY % ChangeYOY( %) Change5