The U.S. Core Personal Consumption Expenditures (PCE) Price Index annual rate increased to 2.9% in July, surpassing the revised previous value of 2.6% and marking the highest level since December 2024. The monthly core PCE rate also rose to 0.3%, up from 0.1% previously. Meanwhile, the overall PCE annual rate stood at 2.6%, with a monthly rate of 0.2%.
U.S. Core PCE Price Index Rises to 2.9% in July, Highest Since December 2024
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