Tag: PCE

Real Personal Spending Rises Twice as Much as Income in June

Mary Pat Campbell

Link:https://mishtalk.com/economics/real-personal-spending-rises-twice-as-much-as-income-in-june/

Graphic:

Excerpt:

Real (inflation-adjusted) consumer spending rose 0.4 percent in June. Real disposable income rose 0.2 percent.

….

Real PCE goods peaked in March of 2021. All of the growth in consumer spending for 27 months is due to an increase in demand for services.

Author(s): Mike Shedlock

Publication Date: 28 July 2023

Publication Site: Mish Talk

The Fed’s Preferred Measure of Inflation Jumps to 6.6%, a 40-Year High

Mary Pat Campbell

Link: https://mishtalk.com/economics/the-feds-preferred-measure-of-inflation-jumps-to-6-6-a-40-year-high

Graphic:

Excerpt:

The PCE price index for March increased 6.6 percent from one year ago, reflecting increases in both goods and services. 

Energy prices increased 33.9 percent

Food prices increased 9.2 percent. 

Excluding food and energy, the PCE price index for March increased 5.2 percent from one year ago.

Author(s): Mike Shedlock

Publication Date: 30 April 2022

Publication Site: Mish Talk