Keeping you up to date on the latest data releases.
The PCE price index increased at an annualized rate of 1.1 percent in March, following a virtually unchanged reading in February. Over the past year, PCE prices are up 2.0 percent. Excluding food and energy prices (the core PCE), the index edged up just 0.4 percent, nearly matching its relatively subdued near-term trend (3-month growth rate) of 0.6 percent. The 12-month growth rate in the core PCE slipped down 0.1 percentage point In March and now stands at 1.1 percent.