Keeping you up to date on the latest data releases.
- Personal Consumption Expenditures (PCE)
The PCE price index was flat in February, following a 2.0 percent (annualized rate) increase in January. Over the past year, PCE prices are up 1.8 percent. Excluding food and energy prices (the core PCE), the index was also virtually flat, ticking up at an annualized rate of just 0.4 percent during the month, nearly matching its relatively subdued near-term trend (3-month growth rate) of 0.5 percent. The 12-month growth rate in the core PCE slipped down 0.2 percentage point during February and now stands at 1.3 percent.