Friday, July 26, 2024

Inflation: June Headline Personal Consumption Expenditures Price Index Up 0.1% MoM; Up 2.5% YoY

From the Bureau of Economic Analysis, July 26:

....Prices
From the preceding month, the PCE price index for June increased 0.1 percent (table 5). Prices for goods decreased 0.2 percent and prices for services increased 0.2 percent. Food prices increased  0.1 percent and energy prices decreased 2.1 percent. Excluding food and energy, the PCE price index increased 0.2percent. Detailed monthly PCE price indexes can be found on Table 2.4.4U.

From the same month one year ago, the PCE price index for June increased 2.5 percent (table 7). Prices for goods decreased 0.2 percent and prices for services increased 3.9 percent. Food prices increased 1.4percent and energy prices increased 2.0 percent. Excluding food and energy, the PCE price index increased 2.6 percent from one year ago....

....MUCH MORE (10 page PDF)