"Economics" US December PCE price year-on-year increase of 2.9%, core increase of 3%, both higher than expected

AASTOCKS
2026.02.20 13:52

According to data from the U.S. Bureau of Economic Analysis, the Personal Consumption Expenditures (PCE) price index in the United States rose by 0.4% month-on-month in December last year, marking the largest increase since February, exceeding market expectations of 0.3%, following a 0.2% increase in November. The price increases for goods and services accelerated to 0.4% and 0.3%, respectively. The core PCE price index, excluding food and energy, also rose by 0.4%, higher than the expected 0.3%.

On a year-on-year basis, the overall PCE inflation rate accelerated from 2.8% to 2.9%, above the expected 2.8%. The core PCE inflation rate also rose from 2.8% in November to 3%, exceeding the expected 2.9%. The PCE index remains the preferred measure of inflation for the Federal Reserve

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