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 1.0 percent in May, following declines in both March and April. On a year-over-year basis, the headline PCE price index is up 1.0 percent. Food and energy components had less of an impact on the headline index than they have had in previous months. The prices for energy goods and services increased 2.0 percent in May, while food prices decreased 3.0 percent. The core PCE price index, which excludes food and energy prices, increased 1.3 percent in for the month. This follows increases of 0.6 percent in March and 0.1 percent in April, while the 12-month percent change in the core PCE price index, which has been declining since late last year, was flat at 1.1 percent. The market-based core PCE price index, which also excludes most imputed prices, increased 1.3 percent in May following a 0.9 percent decline in April and is up 1.1 percent over the past 12 months.