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 2.5 percent in December. This follows a 0.2 percent increase in November, and on a year-over-year basis, the PCE price index has increased 1.1 percent. Contributing to the monthly increase in the headline index during December was an increase in the volatile price index for energy goods and services, which was up 29.5 percent for the month. The core PCE price index, which excludes food and energy prices, increased 1.1 percent in December, following 1.1 percent increases in each of the prior three months. Over the past year, the core PCE price index has increased 1.2 percent, as the twelve-month percent change in core PCE prices has remained in the narrow range between 1.1 and 1.2 percent since early 2013. The market-based core PCE price index, which also excludes most imputed prices, increased 0.8 percent in December, following increases of 1.1 percent in both October and November, and over the past year, this index has increased 1.2 percent.