Keeping you up to date on the latest data releases.
- PCE Price Index
The Personal Consumption Expenditures (PCE) price index fell at an annualized rate of 2.2 percent in May, brought down by a relatively sharp decrease in energy prices (−43.4 percent annualized rate). On a year-over-year basis, the headline PCE price index has edged down to 1.5 percent, its slowest growth rate since January 2011. Excluding volatile food and energy prices, the “core” PCE price index rose 1.4 percent in May, following a 1.7 percent increase in April. The near-term (three-month annualized growth rate) in the core index has softened a bit—from 2.4 percent in March to 1.8 percent currently. On a year-over-year basis, the series is up 1.8 percent.