US PCE figures show “little evidence that inflation is accelerating”

30 November 2018

 

One of the US Fed’s favoured measures of inflation is the change in the core personal consumption expenditures (PCE) price index. After hitting the Fed’s target at 2.0% in July, the annual rate then slipped a little in August and September. The latest figures have now been published by the Bureau of Economic Analysis as part of the October personal income and expenditures report. At +0.1% for the month, core...

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