Keeping you up to date on the latest data releases.
- PCE Price Index
The Personal Consumption Expenditures (PCE) price index fell at an annualized rate of 1.6 percent in March, following a 4.9 percent increase in February. The headline index has increased 1.0 percent since March of last year. The year-over-year changes in the headline PCE price index have been trending lower over the past few months, as 12-month percent changes averaged 1.2 percent in the first quarter of this year compared with averages of 1.5 and 1.6 percent in the third and fourth quarters of 2012, respectively. A 28.1 percent decline in the volatile price of energy goods and services pushed the headline index into negative territory. Excluding food and energy prices, “core” PCE prices increased 0.4 percent in March, following increases of 0.8 percent in February and 2.2 percent in January. Since March of 2012, the “core” PCE price index has increased 1.1 percent, which is the lowest year-over-year increase since March of 2011. The market-based “core” PCE price index, which also excludes most imputed prices, increased 0.7 percent in March following an increase of 1.3 percent in February, and has increased 1.3 percent over the last twelve months.