US consumer prices rise more than expected in May

WASHINGTON.- Consumer prices
United States accelerated in May in annual terms and
an underlying measure of inflation has reached the goal of 2
One hundred percent of the Federal Reserve for the first time in six years.

The price index of personal consumption expenditure (PCE, by
its acronym in English) increased by 0.2 percent after an advance
similar in April, the Ministry of Commerce said Friday.
In the 12 months to May, the ECP advanced 2.3 percent.

Meanwhile, the PCE that excludes the volatile components of
food and energy grew 0.2 percent
consecutive month.

This led to the year-on-year increase in the so-called index
Underlying PCE will reach 2.0 percent, the largest increase since
April 2012. The underlying ECP is the measure of inflation
preferred by the Fed.

Economists consulted in a projected Reuters poll
these expenses will increase by 0.4% in May.

Meanwhile, personal income increased by 0.4 percent
in May after rising 0.2% in April.