The U.S. personal consumption expenditures (PCE) price index rose 3.6% in September compared to the same month last year, slightly below market expectations.
According to the U.S. Department of Commerce, the PCE price index increased by 3.6% year-over-year. This figure is just below the Dow Jones estimate of 3.7%. Month-over-month, the index rose by 0.5%, aligning with market forecasts.
Excluding food and energy, the core PCE price index increased by 3.1% year-over-year and 0.3% month-over-month, both figures matching market expectations.
The PCE price index is a key indicator used by the Federal Reserve to assess whether it is meeting its inflation target of 2%.
According to the U.S. Department of Commerce, the PCE price index increased by 3.6% year-over-year. This figure is just below the Dow Jones estimate of 3.7%. Month-over-month, the index rose by 0.5%, aligning with market forecasts.
Excluding food and energy, the core PCE price index increased by 3.1% year-over-year and 0.3% month-over-month, both figures matching market expectations.
The PCE price index is a key indicator used by the Federal Reserve to assess whether it is meeting its inflation target of 2%.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.