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 4.7 percent in September, following an increase of 5.0 percent August, and is up 1.7 percent over the last twelve months. The headline PCE price index has been trending upwards over the past few months primarily due to jumps in the price of energy goods and services, a volatile component of the overall index, which increased 96.7 percent (annualized) in August and 75.3 percent in September. Excluding food and energy prices, the “core” PCE price index increased 1.4 percent in September, slightly above the near-term (three-month) trend of 1.1 percent. “Core” PCE prices increased 1.0 percent in August, and are up 1.7 percent since September of 2011. The market-based “core” PCE index—which excludes most imputed prices—increased at a rate of 0.9 percent in September, following increases of 1.0 percent and 0.6 percent in July and August, respectfully, and is up 1.7 on a year-over-year basis.