PCE increased 0.1% MoM in June

The Fed’s preferred inflation gauge increased only 0.1% last month (vs 0.1% expected). Full report from https://www.bea.gov/news/2024/personal-income-and-outlays-june-2024

PCE:
0.1% MoM
2.5% YoY

PCE, excluding food and energy:
0.2% MoM
2.6% YoY

From the preceding month, the PCE price index for June increased 0.1 percent. Prices for goods decreased 0.2 percent and prices for services increased 0.2 percent. Food prices increased 0.1 percent and energy prices decreased 2.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent.

From the same month one year ago, the PCE price index for June increased 2.5 percent. Prices for goods decreased 0.2 percent and prices for services increased 3.9 percent. Food prices increased 1.4 percent and energy prices increased 2.0 percent. Excluding food and energy, the PCE price index increased 2.6 percent from one year ago.