Price Gauge Used by the Fed Shows Inflation Increase of 6.4 Percent, the Highest in 40 Years

Price Gauge Used by the Fed Shows Inflation Increase of 6.4 Percent, the Highest in 40 Years
The Federal Reserve building in Washington on Jan. 26, 2022. Joshua Roberts/Reuters
Bryan Jung
Updated:
The Personal Consumption Expenditures (PCE) price index, which is the primary inflation gauge used by the Federal Reserve, increased 5.4 percent from a year ago, the largest increase since April 1983, excluding volatile food and energy prices.

The PCE index, when including gas and groceries prices, jumped 6.4 percent, the fastest pace since January 1982.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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