​PCE price index Oct - Overall inflation was 2.1%

2024-11-27

PCE price index Oct


27/11/2024 (Wed)


Previous: 2.7% Forecast: 2.8%


Core PCE pride index came in at 2.7% in September, slightly higher than expectations of 2.6%. bolstering the case for a slower pace of interest-rate cuts following an outsized reduction.


Meanwhile, overall inflation was 2.1%, the lowest since early 2021. Inflation-adjusted consumer spending advanced 0.4%, an acceleration from the prior month supported by continued growth in wages and salaries.


One bright spot was a drop of 4% in the cost of gasoline and other motor fuels, and consumers spent just 3% of wages and salaries on the category, the least since early 2021.

PCE price index Oct

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