https://www.foxbusiness.com/economy/feds-favorite-inflation-gauge-rises-faster-than-expected-marchQuote:
An inflation measure closely watched by the Federal Reserve rose faster than expected in March as high prices continue to weigh on millions of Americans.
The personal consumption expenditures index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department, in line with expectations. On an annual basis, prices climbed 2.7% higher than both the 2.6% forecast from LSEG economists and the 2.5% reading recorded the previous month.
In another sign that progress on inflation is stalling, core prices which strip out the more volatile measurements of food and energy climbed 0.3% from the previous month and 2.8% from the previous year. Those figures are both higher than what was seen the previous month.
It is not going to get any better as long as Congress continues to spend like drunken sailors.
Then again, we should never worry about inflation because it is transitory.
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves." - Sir Winston Churchill