Wednesday, November 29, 2006

Forex News: U.S. core PCE price index up 2.2 pct

Forex News

The Federal Reserve's preferred measure of inflation PCE index was revised a touch lower for the quarter.

The core PCE price index, which excludes volatile food and energy prices, rose a revised 2.2 pct in the quarter, down slightly from the 2.3 pct estimated a month ago. The core PCE price index in the prior quarter was 2.7 pct.

Over the past 12 months, the core PCE price index has risen an unrevised 2.4 pct, the sharpest annual rise since the second quarter of 1995.


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