The Fed’s preferred inflation gauge rose 5.4% in February, the highest since 1983


The Federal Reserve’s favorite inflation measure showed intensifying price pressures in February, rising to its highest annual level since 1983, the Commerce Department reported Thursday.

Excluding food and energy prices, the personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.

Including gas and groceries, the headline PCE measure jumped 6.4%, the fastest pace since January 1982.

The core PCE increase actually was a touch lower than the 5.5% Dow Jones estimate. On a monthly basis, the gauge was up 0.4%, in line with estimates.

Surging prices dented consumer spending, which rose just 0.2% for the month, below the…


0 0 votes
Article Rating

Tesla TSLA Q1 2022 Vehicle Production and Delivery Numbers

Previous article

The Nord Stream 2 pipeline lies abandoned after Russia invaded Ukraine

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Economy