Understanding the Recent Behavior of Inflation | St.
https://www.stlouisfed.org/on-the-economy/2023/may/understanding-recent-behavior-inflation
Aggregate Prices and InflationBreaking Down InflationInflation Is WidespreadInflation is the change in the price level over a period of time. The Federal Reserve’s preferred measure for the price level is the personal consumption expenditures (PCE) price index, as published by the Bureau of Economic Analysis—essentially, the average price of the consumption component of gross …See more on stlouisfed.org
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