Inflation Doesn’t Want To Cooperate: PCE Price Indices For Core, Core Services, And Durable Goods Worsen Further MoM
The fed's preferred pce index rose at a small 2. 1% pace in the 12 months ended in september, just a hair above the c. This paper examines the forecasting efficacy and implications of the recently popular breakdown of core inflation into three components: Goods excluding food and energy,. The durable goods pce price index. By wolf richter for wolf.
The “core” pce price index, the fed’s primary yardstick for its 2% inflation target, rose by 2. 7% from a year ago in august, the second slight acceleration in a row, and.