US: Annual core PCE price index ticks up to 1.9% in November to match expectations

Eren Sengezer FXStreet

The data published by the U.S. Bureau of Economic Analysis on Friday revealed that the core Personal Consumption Expenditures price index, the Fed's preferred gauge of inflation, rose to 1.9% on a yearly basis in November from 1.8 in October and came in line with the market expectation. On a monthly basis, core PCE price index remained steady at 0.1%.

Further details of the report showed that personal income increased by 0.2% on a monthly basis in November to fall short of the analysts' estimate of 0.3% and personal spending grew 0.4% in the same period vs 0.3% expected.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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