The Federal Reserve’s preferred inflation measure, the personal consumption expenditures (PCE) price index, increases to its highest level since May 2023, according to reports citing recent data. The PCE price index rises 3.8% over the 12 months through April, representing a larger increase than the prior year period and the biggest year-over-year rise since May 2023. The articles link the acceleration in inflation to broader price pressures attributed to the Iran war, including higher food and energy costs. Both outlets cite the same core figure for April compared with the same month a year earlier, aligning on the magnitude of the increase and the timing. The reporting also frames the move as a notable uptick for a gauge closely watched by policymakers when assessing inflation trends. While the sources emphasize the inflation measure’s deterioration and connect it to war-related impacts on prices, neither source provides additional quantitative breakdowns beyond the overall PCE figure. Overall, the data point points to a renewed rise in consumer-related inflation as of April.