U.S. Fed's closely watched inflation measure rises 2.3 pct in March

WASHINGTON, April 30 (Xinhua) -- The Federal Reserve's preferred inflation gauge rose 2.3 percent in March, slowing from a 2.7 percent increase in February, the U.S. Commerce Department reported Wednesday.

The PCE (Personal Consumption Expenditures) gauge takes into account how consumers change their behavior in light of higher prices, and is a broader measure of consumer behavior than the consumer price index (CPI).