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Out Fed Inflation Measure Ance . Fed’s preferred inflation measure rises 6.3% ahead of chair powell’s speech august 26, 2022, 6:31 am yahoo finance live’s brian cheung discusses july pce index data ahead of. 15, 2012, the federal reserve stated at its monthly federal open market committee meeting that it would use the pce price. 2 Measures Of Inflation And Fed Policy Seeking Alpha from seekingalpha.com Inflation measurement is the process through which changes in the prices of individual goods and services are combined to yield a measure of general price change. Fed’s preferred inflation measure rises 6.3% ahead of chair powell’s speech august 26, 2022, 6:31 am yahoo finance live’s brian cheung discusses july pce index data ahead of. The consumer price index (cpi), produced by the bureau of labor statistics (bls), is the most widely used measure of inflation.