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 1.7 percent in August, following increases of 4.7 and 1.1 percent in June and July, respectively. Over the past twelve months, the PCE price index has increased 1.2 percent. The price index for energy goods and services declined 2.7 percent during the month, putting a little downward pressure on the headline index. The core PCE price index, which excludes food and energy prices, increased 1.9 percent for the month, following an increase of 1.0 percent in July. The twelve-month percent change in the core PCE price index was 1.2 percent, compared with a year-over-year percent change of 1.1 percent in July. This marks the first increase in year-over-year changes (a popular measure of core inflation) since October of last year. The market-based core PCE price index, which also excludes most imputed prices, increased 1.0 percent in August, following an increase of 1.3 percent in July, and has increased 1.2 percent over the past twelve months.