Core PCE, Fed’s preferred gauge of inflation, rises to 4.9% YoY in August, above expectations of 4.7%


Core PCE 4.9% vs 4.7% expected:

https://tradingeconomics.com/united-states/core-pce-price-index-annual-change

And the personal consumption expenditure price index (excluding food and energy) increased 6.2 percent year-on-year in August of 2022, slowing from an upwardly revised 6.4 percent rise in July.

https://tradingeconomics.com/united-states/pce-price-index-annual-change

Prices for goods increased 8.6 percent and prices for services increased 5.0 percent. Food prices increased 12.4 percent and energy prices increased 24.7 percent.


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