Core April US PCE y/y 1.1% vs 1.0% exp

• Prior 1.1% Revised to 1.2%
• m/m Core PCE 0.0% vs 0.1% exp. Prior 0.0% Revised to 0.1%
• y/y PCE deflator 0.7% vs 0.8% exp. Prior 1.0%
• m/m PCE deflator -0.3% vs -0.2% exp. Prior -0.1%
• Personal income 0.0% vs 0.1% exp m/m. Prior 0.2%. Revised to 0.3%
• Personal spending -0.2% vs 0.0% exp. Prior 0.2%. Revised to 0.1%

Slight up tick in inflation. Global inflation has been falling so the first signs that that may be lessening are coming through as EU inflation also held up earlier on today.