In April, the personal consumption price index stagnated in the United States

By: Trademagazin Date: 2024. 05. 31. 10:38

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In April, the personal consumption expenditures (PCE) price index excluding food and energy prices in the United States, the Fed’s preferred inflation indicator, stagnated at 2.8 percent for the third month in a row, making it the lowest since March 2021, but still well above around 2 percent. goal.

Based on the report released on Friday by the Bureau of Economic Analysis (BEA), the statistical institute of the Washington Department of Commerce, personal incomes in the United States increased by 0.3 percent on a monthly basis in April, as expected, after a 0.5 percent monthly increase in March.

Instead of the expected 0.3 percent, personal consumption expenditures rose by 0.2 percent in April compared to March, when the monthly increase was 0.7 percent.

The price index of personal consumption expenditures (PCE) increased by 0.3 percent on a monthly basis in April, the same as in the previous two months and in line with market expectations.