Fed’s favorite gauge shows inflation rose 0.2% in October and 3.5% from a year ago, as expected

Posted on AllSides November 30th, 2023
From The Center

Inflation as measured by personal spending increased in line with expectations in October, possibly giving the Federal Reserve more incentive to hold rates steady and perhaps start cutting in 2024, according to a data release Thursday.

The personal consumption expenditures price index, excluding food and energy prices, rose 0.2% for the month and 3.5% on a year-over-year basis, the Commerce Department reported. Both numbers aligned with the Dow Jones consensus.

Headline inflation was flat on the month and at a 3% rate for the 12-month period, the release also showed. Energy...

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https://www.cnbc.com/2023/11/30/pce-inflation-report-october-2023-.html

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