Core PCE stronger than expected
- Prior report was 4.7%
- Core PCE price index
- Core ex food and energy month-to-month 0.6% vs. 0.5% estimate. Last month 0.3%
- PCE price index 1.0% vs 0.6% last month
- Price index YoY 6.8% vs the same month last year of 6.3%
- prices for goods increase 1.5%
- prices for services rose 0.6%
- food prices increase 1%
- energy prices increased 7.5%
The data is hotter than expected and a negative for the rate expectations (all things being equal).
Combined with the personal income and consumption, the inflation numbers are not great
