Inflation Cooled Further In September, PCE Index Shows
The personal consumption expenditures (pce) price index eased to 2. 1 percent in the 12 months to september, down from 2. 3 percent in august, the commerce department announced in a. Inflation has been cooling for two years, and fresh data released on thursday showed that trend continued in september. Prices climbed just 2. 1 percent compared with a year earlier. Inflation slowed sharply over the summer, but as it gets close to the federal reserve’s 2% target, improvement will get harder to come by. The pce index, the.