Keeping you up to date on the latest data releases.
- PCE Price Index
The Personal Consumption Expenditures (PCE) price index declined at an annualized rate of 0.4 percent in October, following an increase of 1.4 percent in September. On a year-over-year basis, the PCE price index has increased just 0.7 percent. Prices for energy goods and services, which tend to be relatively volatile, declined at an annualized rate of 19.0 percent for the month, putting downward pressure on the PCE price index. Excluding food and energy prices, the core PCE price index increased 0.9 percent in October, which follows monthly increases of 1.4 and 1.1 percent in August and September, respectively. Core PCE prices have increased 1.1 percent over the past twelve months, as the year-over-year changes in both the PCE price index and core PCE price index have been on a steady downward trend since early 2012. The market-based core PCE price index, which also excludes most imputed prices, increased 0.2 percent in October and has increased 1.0 percent over the past year.