Core personal consumption expenditure, the U.S. Federal Reserve's preferred measure of inflation, held steady at 1.8% in April, unchanged from the downwardly revised reading in March, the Bureau of Economic Analysis said.
In monthly terms, core PCE inflation was also steady at 0.2%.
Personal income rose 0.3% month over month in April in current dollar terms. Real disposable personal income was up 0.2%, the same pace of growth as in March.
Real PCE rose 0.4% in April following a 0.5% increase in the prior month.
Personal outlays increased $86.9 billion, while personal saving was $419.6 billion last month.
