US PCE core price index grew slightly in June - consumption remained strong

2024 7/26 9:46 JST

The US personal consumption expenditure (PCE) core price index only increased slightly in June. Also, private consumption remained strong. It was a bright sign for monetary authorities aiming to slow inflation without causing the economy to fall into a slump.

key point
PCE core price index rose 0.2% month-on-month — in line with expectations
0.1% increase in the previous month
2.6% increase compared to the same month last year - 2.5% increase expected
PCE Composite Price Index rose 0.1% from previous month — in line with expectations
The previous month was flat
2.5% increase compared to the same month last year — in line with expectations