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 0.2 percent in April, following a 2.5 percent increase in March, and much lower than the first quarter average of 3.1 percent. The headline index was up 1.8 percent on a year-over-year basis. The “core” PCE price index—which excludes food and energy prices—was up 1.6 percent in April after increasing 1.8 percent in March. The divergence between the headline and “core” measures was caused primarily by a decrease in the energy goods and services index of 19.6 percent in April, which would be reflected in the headline measure and not the “core” measure. Since last April, “core” PCE prices are up 1.9 percent, which roughly matches the year-over-year percentage gains in each of the last five months. The market-based “core” PCE price index—which excludes most imputed prices—increased at an annualized rate of 1.5 percent, following an increase of 1.8 percent in March, and was up 1.9 percent over last year.