Finance · Euroglobal New
The September Personal Consumption Expenditures Price Index increased in line with expectations, up 3.6% from year-ago levels. When volatile food and energy costs are factored out, the Federal Reserve’s preferred measure of inflation increased 3.1% from one year ago, in line with expectations. The PCE Price Index increased 0.49% from month-ago levels.
Excluding food and energy, the PCE Price Index increased 0.32%. The PCE Price Index rose 0.49% in September, below the FactSet consensus forecast for a 0.5% increase and following an increase of 0.32% in August. Core PCE rose 0.32% in September, above forecasts for a 0.3% increase and following an increase of 0.26% in August.
The PCE Price Index year over year rose 3.6% in September, in line with forecasts and following an increase of 3.4% in August. Core PCE year over year rose 3.1% in September, in line with forecasts and following an increase of 3.0% in August. This article was generated with the help of automation and reviewed by Morningstar editors.
Learn more about Morningstar’s use of automation . The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies .
Source: Morningstar
