The prices of goods and services purchased by U.S. consumers rose at a faster rate in August compared with July, data from the Bureau of Economic Analysis showed Friday.
The personal consumption expenditure price index rose by three-tenths of a percentage point in August after declining one-tenth of a point in July. Core PCE prices, which exclude food and energy, rose 0.6 percent after a flat July. That matches the two-decade high hit June.
Compared to a year ago, PCE prices are up 6.2 percent. That is slightly below the year-over-year figure of 6.4 percent in July. Core PCE prices up 4.9 percent year-over-year, up from 4.7 percent in July. Another measure, called market-based PCE is based on household expenditures for which there are observable price measures. It excludes most imputed transactions and the spending by nonprofit institutions serving households. This rose 0.2 percent in August, up from flat in July. Excluding food and energy, market-based PCE was up 0.5 percent, up from 0.2 percent in August. Compared with a year ago, market-based PCE is up 6.7 percent, down from 6.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Biden's $10,000 student-debt cancelation is a game-changer for borrowers’ wallets — but will it help their credit scores?Biden’s $10,000 student-debt cancelation is a game-changer for borrowers’ wallets — but what happens to their credit scores?
Les mer »
Biden: Destruction from Hurricane Ian likely to be among the worst in U.S. historyPresident Joe Biden on Friday said the destruction in Florida from Hurricane Ian is likely to be among the worst in U.S. history and he has directed every possible action be taken to save lives.
Les mer »
Biden signs stopgap bill, averting government shutdownPresident Joe Biden has signed into law a bill that finances the federal government through mid-December and provides another infusion of military and economic aid to Ukraine.
Les mer »
Trump Officials Sabotaged Biden Transition in Very Petty Ways, Book ClaimsIn the final days of the Trump administration, weeks after an insurrection that tried to thwart Congress from certifying the election, White House staff attempted to sabotage Biden’s entry into the executive branch, according to Maggie Haberman’s new book.
Les mer »