PCE inflation falls in the US

Raphael Bostic
Raphael Bostic
Center for American Progress

Headline personal consumption expenditure (PCE) inflation in the US fell substantially in October, the Bureau of Economic Analysis (BEA) reported on November 30. Year-on-year PCE inflation was 3% compared with 3.4% in September. Core inflation, which excludes food and energy prices, also fell from 3.7% in September to 3.5% in October.

On a month-to-month basis, PCE inflation rose less than 0.1% in October.

The Federal Open Market Committee uses PCE inflation as its principal measure for

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