Core US PCE inflation rises 0.5% in September month on month, in line with expectations

The core consumer spending price index (PCE) in the United States rose 0.5% in September on a monthly basis and 5.1% on an annual basis, according to data released this Friday (28) by the US Department of Commerce.

With the result, the indicator retreated a little in comparison with August (0.6%) and was within the market’s expectations (which projected a monthly high of 0.5% and an annual increase of 5.2%, according to Refinitiv).

Core PCE excludes food and energy prices, which are more volatile. Considering these prices, US consumer inflation (as measured by PCE) was 0.3% on a monthly basis and 6.2% on an annual basis.

The PCE price index is known to capture inflation (or deflation) across a wide range of consumer spending and reflect changes in consumer behavior. It is closely watched by the Federal Reserve (FED) to assist in the conduct of monetary policy.


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