The deflator for core personal-consumption expenditure (PCE), Fed officials' favoured index, was up 2.1% in the year to April.

美联储钟爱的核心个人消费品支出平减指数从年初到四月上升了2.1%。

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The deflator for "core" personal consumption expenditures (PCE), which excludes fuel and food, rose more modestly in the first quarter.

而不包括燃油和食品在内的核心个人消费支出(PCE)的缩减指数在第一季度只是微微增长。

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The Fed has the core PCE deflator at 2.25% to 2.5% year-over-year in the fourth quarter of 2006.

FORBES: Hike More, Eat Less

We think low real interest rates, a weak dollar and plentiful U.S. and global liquidity argue that core inflation (both core CPI and the core PCE deflator) will continue rising, not subside.

FORBES: The End Times Are Here