<p>Though recent data show inflation somewhat leveling off, there are likely higher price levels on the way — and Americans may be dipping into their savings to make ends meet.</p>
<p>The core Personal Consumption Expenditures Price Index (PCEPI) rose 4.9% year-over-year in April, the <a href="https://www.bea.gov/news/2022/personal-income-and-outlays-april-2022">Bureau of Economic Analysis</a> said on Friday. Core PCEPI increased at the same 0.3% month-over-month rate in February, March, and April. Adding fuel and energy into the mix, the PCEPI rose 6.3% year-over-year and 0.2% month-over-month in April — a cooldown from the 0.9% month-to-month rate seen in March.</p>

Americans Draw From Their Savings To Fuel Summer Costs, New Inflation Report Says

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Americans Draw From Their Savings To Fuel Summer Costs, New Inflation Report Says