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Energy Price Hikes Only Exacerbate Persistent Inflation Problem
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Energy Price Hikes Only Exacerbate Persistent Inflation Problem
No one will be surprised to hear that inflation has picked up. But new data from the Bureau of Economic Analysis confirms it. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew at an annualized rate of 8.3 percent in March 2026, up from 4.6 percent in the prior month. The PCEPI grew at an annualized rate of 5.6 percent over the last six months and 3.5 percent over the la…
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