US Inflation

SOURCE www.breitbart.com
The pace of price hikes in the US accelerated in January, with the PCE price index rising 0.3%. Core PCE inflation rose 0.4%, up 2.8% over the past 12 months. The figures were in line with Wall Street expectations.

Key Points

  • PCE price index rose 0.3% in January
  • Core PCE inflation increased 0.4%
  • Core PCE inflation is up 2.8% over the past 12 months

Pros

  • Detailed explanation of the PCE price index and core PCE inflation
  • Comparison with CPI to provide a broader perspective on inflation trends

Cons

  • Limited discussion on potential implications of rising inflation on the economy