The personal consumption expenditures index showed that prices rose 0.3% from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.7%. Both of those figures are in line with expectations.

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The Federal Reserve's favorite measure of tracking inflation climbed 0.3% in April as American families continue to grapple with elevated consumer prices.{ai:summary}<p>In the latest report by the Labor Department, prices have increased by 0.3% from the previous month, with a 2.7% rise on an annual basis. The figures are in line with expectations, indicating a steady trend in consumer prices. #economy</p>

Inflation measure closely watched by the Fed rises 0.3% in April

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