Keeping you up to date on the latest data releases.
The Personal Consumption Expenditures (PCE) price index increased at a seasonally-adjusted annualized rate of 0.3 percent in November, following a 0.3 percent decline in the previous month. On a year-over-year basis, the PCE price index has increased 0.9 percent. The price of energy goods and services, a volatile component of the index, decreased 11.8 percent, which is the second consecutive monthly decline. The core PCE price index, which excludes food and energy prices, increased 1.2 percent in November following increases of 1.1 and 1.0 in September and October, respectively, and on a year-over-year basis, has increased 1.1 percent. The 12-month percent change in the core PCE price index has mostly remained between 1.1 and 1.2 percent since May. The market-based core PCE price index, which also excludes most imputed prices, increased 1.1 percent in November, following an increase of 0.6 percent in October, and has increased 1.1 percent over the past twelve months.