PCE Inflation Hits 4.0% Month-to-Month Annualized, Worst since March. 3-Month PCE Hits 2.9%, Worst since April. But Massive “Base Effect” in Services Cools YoY Increases
December, prior months revised higher. Goods prices jump month-to-month by most since August 2023, turn positive for first time in a year. By Wolf Richter for WOLF STREET. The inflation measure released today – the PCE price index […]