Keeping you up to date on the latest data releases.
The Personal Consumption Expenditure (PCE) price index rose at an annualized rate of 5.1 percent in February, as food and energy prices continue to rise sharply. In the first quarter, headline PCE rose 3.8 percent and is up 1.6 percent over the last 4 quarters. Excluding volatile food and energy prices (core PCE), the index rose 1.6 percent in March, following increases of 2.0 percent and 2.1 percent in February and January, respectively. The near-term (3-month) annualized growth rate in the core PCE stands at 1.9 percent as of March, 1.0 percentage point above its 12-month growth rate of 0.9 percent.