Residents are shopping at a 99 Cent Store in Santa Monica, California, USA. [Image source=Yonhap News]
The U.S. Department of Commerce announced on the 26th (local time) that the Personal Consumption Expenditures (PCE) price index rose 2.5% compared to the same period last year. The increase rate compared to the same period last year was 0.1%.
The core PCE price index, excluding energy and food, rose 2.6% compared to the same period last year and 0.2% compared to the previous month.
Both the headline index and the core index met the expert forecasts compiled by Dow Jones.
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