PCE Prices / Personal Income and Spending

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Key Fed inflation gauge rose 0.3% in February, less than expected

The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, the Commerce Department reported Friday. That was below the 0.4% Dow Jones estimate and lower than the 0.5% January increase.

https://www.cnbc.com/2023/03/31/fed-inflation-gauge-february-2023-.html

 

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Key Fed inflation measure rose 0.6% in January, more than expected

The core personal consumption expenditures price index increased 0.6% for the month, and was up 4.7% from a year ago.

Headline inflation increased 0.6% and 5.4% respectively. All the numbers were higher than estimates.

The numbers suggest inflation accelerated to start the new year, putting the Fed in a position where it likely will continue to raise interest rates.

https://www.cnbc.com/2023/02/24/key...nt6percent-in-january-more-than-expected.html

 

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Key Fed inflation measure eased in December while consumer spending also declined

Core PCE inflation, the Fed’s preferred measure, rose 4.4% from a year ago, its smallest annual increase since October 2021.

Consumer spending, however, dropped 0.2%, pointing to an economy that was grinding to a halt as 2022 closed.

Personal income increased 0.2% for the month, as expected.

https://www.cnbc.com/2023/01/27/pce-inflation-december-2022-.html

 

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Key inflation gauge for the Fed rose 0.5% in September, in line with expectations

The core personal consumption expenditures price index in September increased 0.5% from the previous month and 5.1% from a year ago.

Including food and energy, PCE inflation rose 0.3% for the month and 6.2% on a yearly basis.

Personal spending rose 0.6%, more than expected amid the rise in prices.

Compensation costs increased 1.2% in the third quarter, in line with estimates.

https://www.cnbc.com/2022/10/28/pce-inflation-september-2022-.html

 

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Key inflation indicator posts biggest year-over-year gain in nearly three decades

The May core personal consumption expenditures price index, an important inflation gauge for policymakers, rose 3.4% from a year ago, in line with Wall Street estimates.

That was the biggest increase since 1992 and reflective of ongoing price pressures.

Consumer spending was flat for the month, missing expectations, while personal income declined 2%, less than the expected 2.7% drop.

https://www.cnbc.com/2021/06/25/key...t-in-may-from-a-year-earlier-as-expected.html