The core PCE price index, which excludes food and energy prices, increased one point more than it did in April, moving up 0.3%.

FORBES: Consumer Spending Hit Speedbump In May: Markets Responding With Resilience

The second quarter advanced GDP price index rose 1.1%, well short of the 2.4% expectation, while core PCE jumped 2.1%, versus the 2.0% outlook.

FORBES: Magazine Article