Keeping you up to date on the latest data releases.
- Personal Consumption Expenditure
The Personal Consumption Expenditure (PCE) price index rose 2.0 percent in September, following an upwardly revised 3.2 percent gain in August. Food prices continued to elevate, climbing 6.5 percent in September, and volatile energy prices rose 28.2 percent, contributing to the overall increase. Over the past 12 months, the PCE price index is up 3.0 percent. Excluding food and energy prices, the “core” PCE price index was flat in September, falling from the 2.0 percent pace in August. On a year-over-year basis the index remained at 1.7 percent. The core CPI also saw a significant drop in its monthly growth rate in September. The market-based core PCE—a subgroup of the core index that only excludes most imputed prices—rose just 0.4 percent in September. The market-based core measure is up 1.6 percent over the past year.