Fed’s preferred inflation gauge remains flat at 3.7 percent in July
The Federal Reserve’s preferred measure of inflation remained flat in July, according to data from the Bureau of Economic Analysis released Wednesday. The personal consumption expenditures (PCE) price index ticked up 0.2 percent last month, rising 3.7 percent compared to the same time last year.
Why It Matters
This story touches on federal-reserve, percent, inflation — topics readers are actively tracking. Review and add editorial context before publishing.
Key Facts
- Fact 1: The personal consumption expenditures (PCE) price index ticked up 0.2 percent last month, rising 3.7 percent compared to the same time last year.
- Fact 2: Excluding more volatile food and energy prices, inflation rose 3.3 percent year-over-year in July.
The Federal Reserve’s preferred measure of inflation remained flat in July, according to data from the Bureau of Economic Analysis released Wednesday. The personal consumption expenditures (PCE) price index ticked up 0.2 percent last month, rising 3.7 percent compared to the same time last year.
Excluding more volatile food and energy prices, inflation rose 3.3 percent year-over-year in July. This was…
(Original synthesis pending human/AI review — generated by the stub provider by selecting real sentences from the source material, not by writing new analysis or commentary.)
Original source: The Hill