Keeping you up to date on the latest data releases.
- PCE Prices
The Personal Consumption Expenditures (PCE) price index increased at an annualized rate of 1.1 percent in July, following an increase of 5.0 percent in June and a 1.2 percent increase in May. Over the past twelve months, the PCE price index has increased 1.4 percent. The price index for energy goods and services—a volatile component of the headline PCE price index—was a bit more moderate in July compared with June, increasing 3.5 percent. In June, prices for energy goods and services jumped 50.0 percent at an annualized rate, contributing to the large increase in the PCE price index. The core PCE price index, which excludes food and energy prices, increased 0.9 percent in July and over the past twelve months, has increased 1.2 percent. The year-over-year changes in the core PCE price index have been hovering around 1.2 percent since April. The market-based core PCE price index, which excludes most imputed prices, increased 1.3 percent in July, following increases of 1.4 and 2.6 percent in May and June, respectively, and has increased 1.2 percent since July of last year.