Economic Buzz: US PCE price index rise 0.3% in January
Friday's PCE Index rose 0.3% from December, compared with the prior 0.4% rise in December. Stripping out the volatile food and energy components, the so-called core PCE Price Index increased 0.4% last month, in line with expectations.
In the 12 months through January, PCE inflation increased 2.8%, compared with expectations for a 2.9% rise. The core PCE Price Index increased 3.1% last month. That was in line with estimates and followed a revised 3% rise in the core inflation in December. The Federal Reserve tracks the PCE price measures for its 2% inflation target.
Powered by Commodity Insights



anubhai
Back Office