US Inflation Rises in April - PCE Price Index

2024-05-31
Summary:

In March, the US core PCE price index remained at 2.8% year-on-year, showing solid consumer spending amid ongoing pressure.

PCE Price Index April


31/5/2024 (Fri)


Previous: 2.8% Forecast: 2.8%


Core PCE price index in the US increased 2.8% from a year ago in March, the same as in February, showing that price pressures remain elevated due to robust consumer spending.


On a 12-month basis, services prices are up 4% while goods have barely moved. Rents have remained sticky even as the supply of flats increased and independent measures showed a decline in demands.


With inflation still percolating two years after it soared to the highest level in more than 40 years, the Fed are watching the data even more intently to contemplate the next moves for monetary policy.

PCE price index Apr

Disclaimer: This material is for general information purposes only and is not intended as (and should not be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by EBC or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person.

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