Dallas Fed Trimmed Mean PCE Price Index Reports Significant 5% Increase

Thursday, 29 February 2024, 18:26

The Dallas Federal Reserve Bank's trimmed mean Personal Consumption Expenditures (PCE) price index has unexpectedly surged to 5.0%, a significant increase compared to the previous 1.8% rise. The six-month annualized trimmed mean also rose by 2.9% from the prior 2.5%, while the 12-month trimmed mean held steady at 3.2%. This rapid acceleration in core inflation points towards potential economic challenges and policy implications.

LivaRava Finance Meta Image — Dallas Fed Trimmed Mean PCE Price Index Reports Significant 5% Increase

Dallas Fed Trimmed Mean PCE Price Index Report

Six-month annualized trimmed mean 2.9% vs 2.5% prior

12-month trimmed mean 3.2% vs 3.2% prior

This is a big jump in core inflation.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Dallas Fed Trimmed Mean PCE Price Index Report

Related posts