US PCE Prices Rise as Expected
The US Personal Consumption Expenditures (PCE) price index increased by 0.3% month-over-month in January 2025, the same pace as in December, and in line with expectations.
Meanwhile, the core PCE index, which excludes volatile food and energy prices, rose 0.3%, slightly above the 0.2% gain recorded in the previous month, and also matching forecasts.
On a year-over-year basis, headline PCE inflation eased to 2.5% from 2.6%, marking its first slowdown in four months. Similarly, core PCE inflation declined to 2.6% from an upwardly revised 2.9%.
Source: Trading Economcis