U.S. January PCE Price Index Rises 2.8% Year-on-Year, Below Expectations
Up 0.3% from the Previous Month
The U.S. Department of Commerce announced on March 13 (local time) that the Personal Consumption Expenditures (PCE) price index rose 2.8% in January compared to the same month of the previous year.
A customer is searching for prices at a store in Grand Central Station, New York City, USA. The Asia Business Daily Database
View original imageThis figure is below the analyst consensus of 2.9% compiled by Dow Jones.
On a month-on-month basis, the index increased by 0.3%, in line with expert expectations. The core PCE price index, which excludes energy and food, rose 3.1% year-on-year and 0.4% from the previous month, both matching analyst forecasts.
Hot Picks Today
Ballot Box Found in Trash... Peru Holds Runoff Amid 'Ballot Shortage Crisis'
- "Brothers, You've Been Waiting for News?"... Orphanage Library Built Thanks to 'Money Brag' by SK hynix Employee
- "Struggling Even With Living Expenses, Let Alone Stocks"... Lottery Spending Surges 60% Among Low-Income Households Seeking a Turnaround
- "A Mother's Quick Reflexes Save Child from BRT Bus Rushing onto Sidewalk"
- "Click! Gotta Post on SNS"... 'Small Luxury' for 20s and 30s Cools Down Amid High Inflation
The PCE price index is a measure of the prices paid by U.S. residents when purchasing goods and services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
