USA: PCE price index down to 2.2% in August

(CercleFinance.com) - The PCE price index - which is closely monitored by the Fed - shows that annual inflation in August was down 0.
3 points on July, at 2.2% on a reported basis, but up 0.1 points to 2.7% on an underlying basis (excluding energy and food).

The Commerce Department, which publishes these figures, also reports that US household spending rose by 0.2% in August compared with the previous month, while incomes grew at a similar rate.

Copyright (c) 2024 CercleFinance.com. All rights reserved.