U.S Core PCE Price Index (MoM)
USCPCEPIMMCore PCE prices in the US, which exclude food and energy,
rose by 0.2% from the previous month in December of 2023, aligned with market estimates, and picking up slightly from the 0.1% increase in November.
From the previous year,
Core PCE prices edged 2.9% higher,
undershooting market estimates of 3% to mark the lowest reading since February 2021.
The data extended the disinflation trend in prices measured by the Federal Reserve’s preferred gauge, consistent with previous signals of rate cuts to be delivered this year. Regarding the whole national PCE that includes energy and food, prices rose by 0.2% from the prior month and 2.6% from the prior year, consistent with expectations.
Prices for goods rose by less than 0.1% from 2022, while those for services remained elevated at 3.9%.
source: U.S. Bureau of Economic Analysis
Note
USCPCEPIMMCore PCE prices in the US, which exclude food and energy, increased by 0.4% from the previous month in January 2024, the most since February 2023 and in line with market expectations.
It follows a downwardly revised 0.1 percent increase in December.
Core PCE prices rose by 2.8% from the previous year, the least since March 2021 and slowing from 2.9% in December.
source: U.S. Bureau of Economic Analysis
Note
USCPCEPIMMCore PCE prices in the United States, which exclude food and energy,
rose by 0.3% from the previous month in February of 2024, extending the upwardly revised, one-year high increase of 0.5% in January, and consistent with market expectations.
From the previous year, core PCE prices rose by 2.8%, easing slightly from the upwardly revised 2.9% increase in January.
source: U.S. Bureau of Economic Analysis
Note
USCPCEPIMMCore PCE prices in the United States, which exclude food and energy, rose by 0.3% from the previous month in March of 2024, in line with market expectations, to extend the similar-paced increase from February. From the previous year, core PCE prices rose by 2.8% in March, the same as the earlier month. source: U.S. Bureau of Economic Analysis
Note
USCPCEPIMM (April/2024)source: U.S. Bureau of Economic Analysis
The US core PCE price index, the Federal Reserve’s preferred gauge to measure inflation, rose by 0.2% from the previous month in April of 2024 after a 0.3% increase in March,
the slowest increase so far in 2024, and below market expectations of a 0.3% rise.
Meanwhile,
the headline gauge was up by 0.3%,
the same as in March and February.
Also, the annual PCE inflation remained at 2.7%,
matching a 4-month high hit in March, and the core rate at 2.8%, the lowest since March 2021.
Note
USCPCEPIMMsource: U.S. Bureau of Economic Analysis
-The US core PCE price index, the Federal Reserve’s preferred gauge to measure underlying inflation, edged higher by 0.1% from the previous month in May of 2024.
It was the softest increase since November of 2023, slowing from 0.3% in the three prior months.
Meanwhile, the headline gauge refrained from increasing for the first time this year.
On an annual basis, core PCE inflation slowed to 2.6% in May from 2.8% in the previous period.
Note
USPCEPIMM (June/2024)source: U.S. Bureau of Economic Analysis
-The PCE price index in the US rose 0.1% mom in June, following a flat reading in May and matching market expectations of 0.1%.
Also, the core index rose 0.2%, above market expectations of 0.1%.
On the other hand, the annual PCE inflation slowed to 2.5% from 2.6% and the core gauge remained at 2.6%.
Note
USCPCEPIMM (JULY/2024)
US PCE Inflation Holds
source: U.S. Bureau of Economic Analysis
The core PCE price index, the Fed’s preferred gauge to measure underlying inflation, rose by 0.2% from the previous month in July, as expected.
The 0.2% monthly increase in headline PCE prices was also in line with expectations reinforcing the view the US central bank is ready to start rate cuts
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.