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Core inflation, as measured by the personal consumption expenditures (PCE) price index, rose 2.8% year-over-year in October, exceeding the Fed’s latest Summary of Economic Projections.
The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase ...
Today, however, the Federal Reserve targets the average level personal consumption expenditures price index, not Core CPI, primarily because it covers a larger portion of the economy and so is a more general measure of price inflation than the CPI. [26]
Earlier this month, the core Consumer Price Index (CPI), which strips out the more volatile costs of food and gas, showed prices in October posted an annual gain of 3.3% for the third consecutive ...
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
The Personal Consumption Expenditures price index, which is the Fed’s preferred inflation gauge, showed prices rose 2.1% for the year ended in September, a slowdown from 2.3% in August, ...
The Personal Consumption Expenditures price index — a closely watched inflation gauge that the Federal Reserve uses for its 2% target — slowed to 2.5% for the 12 months ended in June from 2.6% ...
In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a ...