US Personal Consumption Expenditures in September Up 3.6% Year-on-Year
[Asia Economy Reporter Kim Hyemin] The U.S. Department of Commerce announced on the 29th (local time) that the core Personal Consumption Expenditures (PCE) price index rose 3.6% compared to the same month last year.
The core PCE price index excludes volatile items such as food and energy, and was 0.1 percentage points lower than market expectations. It increased by 0.2% compared to the previous month, in line with market forecasts.
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Meanwhile, U.S. personal income fell 1% compared to the previous month.
This content was produced with the assistance of AI translation services.
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