US March core PCE rises 0.3% MoM, in line with forecasts

The U.S. Core Personal Consumption Expenditures (PCE) Price Index for March rose 0.3% month-over-month, in line with expert forecasts, the U.S. Department of Commerce's Bureau of Economic Analysis (BEA) announced. The index also increased 3.2% year-over-year, matching expectations. The Federal Reserve considers the Core PCE Price Index, which excludes volatile food and energy prices, to be the most accurate measure of inflation.