Keeping you up to date on the latest data releases.
- PCE Price Index
The Personal Consumption Expenditures (PCE) price index increased at an annualized rate of 3.8 percent in February after an increase of 2.7 percent in January. The 3-month annualized growth rate increased from 1.5 percent to 2.5 percent. On a year-over-year basis, the index was up 2.3 percent, less than the 2.4 percent increase in January. The “core” PCE price index—which excludes food and energy prices—was up just 1.6 percent in February, a drop off from the 2.7 percent increase in January. The discrepancy between the “headline” index and the “core” index was caused primarily by an increase in energy prices. Energy prices increased at an annualized rate of 52.1 percent in February. The market based “core” PCE price index—which excludes most imputed prices—increased 1.3 percent in February, after an increase of 2.1 percent in January, and is up 1.9 percent over last year.