U.S. inflation surged in second quarter

From Marketwatch.com:

Inflation as measured by the Federal Reserve's preferred price index surged in the second quarter to the highest annual rate in three years, potentially making the central's bank effort at managing the U.S. recovery more difficult.

The PCE index rose at a 2.3% annual rate in the April-to-June period, compared to 1.4% in the first quarter.

That's the fastest pace since the second quarter of 2011. And the core PCE that excludes food and energy climbed at a 2% clip, up from 1.2%.
----
Link: http://www.marketwatch.com/story/us-inflation-accelerates-sharply-in-second-quarter-2014-07-30