PCE Prices / Personal Income and Spending

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Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected

The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter number down 0.2 percentage point from the April level, according to a Commerce Department report.

PCE report May 2024: Key Fed measure shows inflation rose 2.6% in May from a year ago

 

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Fed’s key inflation gauge rose 2.5% in June from a year ago, easing path to rate cut

The personal consumption expenditures price index increased 0.1% in June and was up 2.5% from a year ago, with the annual rate showing a slight decline from the prior month.
Core inflation, which excludes food and energy, showed a monthly increase of 0.2% and 2.6% on the year, both also in line with expectations.

Personal income rose just 0.2%, below the 0.4% estimate. Spending increased 0.3%, meeting the forecast, while the personal savings rate decreased to 3.4%.

PCE inflation June 2024:

 

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Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in July

Over the prior year, prices rose 2.6% in July, matching June's annual increase and below analyst expectations for a 2.7% increase.

Fed's preferred inflation gauge shows prices increased in line with Wall Street's expectations in July


PCE Prices

Actual: 0.2%
Forecast: 0.2%
Prior: 0.1%

PCE Prices - Core
Actual: 0.2%
Forecast: 0.1%
Prior: 0.2%

 

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US Core PCE Price Index (Y/Y) Aug: 2.7% (est 2.7%; prev 2.6%)

- Core PCE Price Index (M/M) Aug: 0.1% (est 0.2%; prev 0.2%)
- PCE Price Index (Y/Y) Aug: 2.2% (est 2.3%; prev2.5 %)
- PCE Price Index (M/M) Aug: 0.1% (est 0.1%; prev 0.2%)

US Personal Income Aug: 0.2% (est 0.4%; prev 0.3%)

- Personal Spending Aug: 0.2% (est 0.3%; prev 0.5%)
- Real Personal Spending Aug: 0.1% (est 0.1%; prev 0.4%)

 

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Key Fed inflation rate hits 2.1% in September, as expected

The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates.

However, the core inflation rate was at 2.7% after the measure increased 0.3% on a monthly basis.

Initial filings for unemployment benefits totaled 216,000 for the week ending Oct. 26, a decrease of 12,000 and below the forecast for 230,000.

https://www.cnbc.com/2024/10/31/pce-inflation-september-2024-.html

 

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Fed’s preferred inflation gauge rises to 2.3% annually, meeting expectations

The personal consumption expenditures price index, a broad measure that the Fed prefers as its inflation gauge, increased 0.2% on the month and showed a 12-month inflation rate of 2.3%. Both were in line with the Dow Jones consensus forecast, though the annual rate was higher than the 2.1% level in September.

Excluding food and energy, core inflation showed even stronger readings, with the increase at 0.3% on a monthly basis and an annual reading of 2.8%. Both also met expectations. The annual rate was 0.1 percentage point above the prior month.

https://www.cnbc.com/2024/11/27/pce-inflation-october-2024.html

PCE Prices
Actual: 0.2% | B.com Forecast: 0.2% | Prior: 0.2%

PCE Prices - Core
Actual: 0.3% | B.com Forecast: 0.3% | Prior: 0.3%

Personal Income
Actual: 0.6% | B.com Forecast: 0.3% | Prior: 0.3%

Personal Spending
Actual: 0.4% | B.com Forecast: 0.3% | Prior: 0.6% | Revised From: 0.5%