The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December. That's up from 2.7% in November.
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Economists forecast that the PCE index would rise 2.5%. When volatile food and energy costs are factored out, the Federal Reserve’s preferred measure of inflation increased 2.8% from one year ...
The central bank uses a similar but different inflation gauge than the CPI, known as the personal consumption expenditures price index, or PCE. "The bulk of this progress is behind us now and ...
The central bank uses a similar but different inflation gauge than the CPI, known as the personal consumption expenditures price index, or PCE. "The bulk of this progress is behind us now and ...