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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 ...
Economists now expect "core" PCE, which excludes the volatile categories of food and energy, will likely clock in at 2.6% in January, down from the 2.8% seen in December.
Measured on a month over month basis, PCE looked even better. That measure rose just 0.1% compared with expectations for 0.2% and was down from 0.2% in July and June.
Over the prior month, most economists expect "core" PCE at 0.2%. "November PCE inflation should show a noticeable step down," Bank of America US economist Michael Gapen wrote in a research note on ...
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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 ...
Core PCE rose 0.2 % from the prior month, in line with Wall Street's expectations for 0.2% and faster than the 0.1% increase seen in May. "It is another bit of evidence for the Fed to say, yes ...
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. [1] This is the definition of "core inflation" most used for political purposes. The core inflation model was subsequently developed and advocated by Otto Eckstein, in a paper published in 1981. [2]