An inflation measure closely watched by the <a href="https://foxbusiness.com/category/the-fed" target="_blank" rel="noopener">Federal Reserve</a> eased slightly in June, even as high prices continued to weigh on millions of Americans.

The personal consumption expenditures (PCE) index showed that consumer prices rose 0.1% from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.5% – down slightly from the 2.6% reading recorded the previous month.

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The Federal Reserve's favorite measure of tracking inflation rose 0.1% in June as American families continue to grapple with elevated consumer prices.{ai:summary}The Fed's inflation gauge nudged downward in June, a flicker of hope amid a landscape littered with rising costs. The PCE index revealed a meager 0.1% rise from May, with yearly prices climbing 2.5%, just a hair under the last month’s figures.Yet, for millions shackled by tight budgets, relief remains a distant promise, teasing like a mirage in a parched land. #economy

Inflation measure closely watched by the Fed rises 2.5% in June

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