Keeping you up to date on the latest data releases.
- Personal Consumption Expenditure
The Personal Consumption Expenditure (PCE) price index rose at an annualized rate of 3.8 percent in December, largely on spiking energy prices. Excluding volatile food and energy prices (core PCE), the index rose just 0.4 percent percent during the month and is up just 0.7 percent on a year-over-year basis (its lowest growth rate on record). After excluding non-market-based items—such as financial services furnished without payment—the core PCE price index rose 0.4 percent in December, compared to a 1.1 percent increase in November, and is trending at 0.8 percent over the past 12 months.