Forex News: Core inflation in the USA +2.4% in a year, unchanged from the preceding month
The index of personal consumption expenditures excluding food and energy (core PCE) in the USA was in October +0.2%, compared with the preceding month.
In September, the rise of PCE, which reflects inflation pressures in the country, was also 0.2%. The index was expected to rise by 0.1% in October.
At the annual rate, core PCE rose in October by 2.4%, remaining unchanged from the preceding month. Although annual index of core inflation did not change in October, it exceeded the normal range of inflation pressure, which is 1.0-2.0% in the USA.
In September, the rise of PCE, which reflects inflation pressures in the country, was also 0.2%. The index was expected to rise by 0.1% in October.
At the annual rate, core PCE rose in October by 2.4%, remaining unchanged from the preceding month. Although annual index of core inflation did not change in October, it exceeded the normal range of inflation pressure, which is 1.0-2.0% in the USA.
posted by Kalin Tasev @ 8:19 AM
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