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 2.6 percent in November, following increases of 3.9 percent in September and 1.5 percent in October. Over the past twelve months, the headline index is up 1.4 percent. Excluding food and energy prices, the “core” PCE price index increased 0.5 percent in November, as a drop in the price of energy goods in services, which declined 41.7 percent during the month, pushed the headline index into negative territory. Over the last three months, “core” PCE prices have increased at an average rate of 0.9 percent, below the second quarter average month-to-month increases of 1.6 percent but a bit higher than average increases of 0.6 percent during the third quarter. Over the past year, the “core&rdquo PCE price index has increased 1.5 percent. The market-based “core&rdquo PCE price index, which also excludes most imputed prices, increased 0.4 percent in November, following increases of 0.9 and 1.5 percent in September and October, respectively, and is up 1.6 percent over the past twelve months.