Insights on the Recent Core PCE Data and Its Impact on Inflation Rates

Thursday, 29 February 2024, 20:55

The latest PCE data reveals that inflation rates for 3, 6, and 12 months are at or below 2.8%, showcasing a positive trend. However, the core PCE has not exceeded 0.42% since 1991, indicating challenges in sustaining higher levels. With the core PCE rising by 0.4% recently, it raises concerns about long-term inflation stability.
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Insights on the Recent Core PCE Data and Its Impact on Inflation Rates

Understanding Inflation Trends

As Nick Timiraos points out, the PCE data for 3, 6, and 12 months are all at or below 2.8%. Not too bad.

In January 2024, they were all above 4.8%. Not so good news is the core PCE (prior to April 2021) only came in above 0.42% two times since 1991 and not since October 2021. Today the core PCE rose by 0.4%.


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.


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