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 0.6 percent in December, following a decline of 2.5 percent in November. On a year-over-year basis, the headline index is up 1.3 percent. The price of energy goods and services declined for the third straight month, dropping 14.6 percent, while food prices increased 3.2 percent in December, and have averaged increases of 3.2 percent over the past three months. Excluding food and energy prices, the “core” PCE price index increased 0.2 percent in December, after increases of 1.7 and 0.6 percent in November and October, respectively, and is up 1.4 percent over the past year. During the second half of 2012, the “core” PCE price index averaged monthly increases of 0.7 percent, compared with average monthly increases 2.0 percent during the first six months of the year. The market-based “core” PCE price index, which also excludes most imputed prices, increased 0.1 percent in December.