The 0.11% m/m increase in core PCE prices in November was the smallest gain in six months, although it follows on the heels of two above-target ~0.25% gains in the preceding two months. That November undershoot of the target was enough to bring the 3-month annualised core inflation rate down to 2.5%, from 2.8%, but the 6-month rate rebounded to 2.4%, from 2.3%, while the annual inflation rate was unchanged at 2.8%. Headline PCE prices increased by 0.13% m/m, with the annual inflation rate rebounding slightly to 2.4%, from 2.3%.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services