Fed's inflation measure holds at record annual pace for fourth straight month

Ordinary Guy

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Jul 16, 2021
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Everything is more expensive under Democrats- OG

Core PCE index rises 3.6% year over year in September


Core PCE, which excludes food and energy prices, last month rose 3.6% year over year, according to the Bureau of Economic Analysis. Core prices have accelerated by that amount for four straight months.

Prices rose 0.2% from August, slowing from the 0.3% rise in each of the previous two months. Prices increased by 0.5% in June and 0.6% in May.

Analysts surveyed by Refinitiv were expecting core prices to rise 3.7% annually and 0.2% month over month.

Overall, the personal consumption expenditures price index rose 4.4% year over year and 0.3% in September. In August, prices increased at a 4.2% annual pace and 0.3% month over month.

Higher prices have for the past several months been working their way through the U.S. economy as companies look to offset increased costs due to supply chain disruptions and labor and materials shortages.

Both the Biden administration and the Fed have in recent weeks become more reluctant to use the term "transitory" when describing inflation as being temporary.

https://www.foxbusiness.com/economy/...straight-month
 
Fed's numbers have been rubbish since the 1980's; real inflation had been at least double what they have been claiming for decades now.
 

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