US core inflation rises slightly to 3.3 percent in April

In March, core inflation, the annual rate of price increases excluding energy and food prices, was 3.2 percent.

PCE inflation is seen by the US Federal Reserve (Fed) as the most important measure of price increases when making decisions about future policy rates. Unlike the CPI measure of inflation, which is based on a basket of goods, PCE inflation is calculated on what is actually consumed.