Keeping you up to date on the latest data releases.
- PCE Prices
The Personal Consumption Expenditure (PCE) price index slipped down at an annualized rate of 0.6 percent in October, following an upwardly revised 2.1 percent increase in September. The tick down in October helped to bring the series’ 12-month growth rate down a couple of tenths to 2.7 percent. Excluding food and energy prices, the “core” PCE price index rose 0.9 percent during the month, after a virtually flat reading in September. The core PCE is trending at a much slower growth rate than the headline index—rising 1.7 percent over the past year. The market-based core PCE—a subgroup of the core index that only excludes most imputed prices—increased a mere 0.2 percent in October, and is trending at a growth rate of 1.7 percent over the past year.