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 4.8 percent in February, following no change in December and an increase of 0.4 percent in January. Over the past twelve months, the headline PCE price index has increased 1.3 percent. The monthly increase in February was almost entirely driven by a jump in energy prices, a volatile component of the headline index, which increased at an annualized rate of 97.6 percent for the month. Excluding food and energy prices, the “core” PCE price index increased 0.7 percent, and has increased 1.3 percent since February of last year. The current three-month trend in year-over-year changes is 1.3 percent, which is slightly below the 1.5 percent average during the final three months of last year and the 1.7 percent average during all of 2012. The market-based “core” PCE price index, which also excludes most imputed prices, increased 1.5 percent in February, following increases of 0.6 percent in December and 2.8 percent in January, and has increased 1.4 percent over the last twelve months.