USA: PCE price index stable at annual rate in July

(CercleFinance.com) - The PCE price index - which is closely monitored by the Federal Reserve - shows annual inflation for July 2024 to be stable compared with June, at 2.
5% on a gross basis and 2.6% on an underlying basis (excluding energy and food).

The Commerce Department, which publishes these figures, also reports that US household spending rose by 0.5% in July compared with the previous month, while household income increased by 0.3%.

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