Gas Prices

 

Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were even in March and +0.6% year-over-year through March. Excluding volatile oil and food costs from the readings, “Core” PCE price index for March was +0.2% and +1.8% YOY through March. The Fed looks closely at Core PCE excluding food and energy prices because

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Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were +0.3% in February and +1.0% year-over-year through February. Excluding volatile oil and food costs from the readings, “Core” PCE price index for February was +0.2% and +1.8% YOY through February. The overall number showed a steep -2.2% fall in 4Q2008 (-0.6% Oct, -1.1%

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The US Consumer Price Index, which measures inflation at the consumer level of the economy, was +0.4% in February and +0.2% year-over-year through February. Excluding volatile oil and food costs from the readings, “Core” CPI for February was +0.2% and +1.8% YOY through February. Here’s the December CPI report which includes complete CPI numbers for

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Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were +0.2% in January and +0.7% year-over-year through January. Excluding volatile oil and food costs from the readings, “Core” PCE price index for January was +0.1% and +1.6% YOY through January. The overall number showed a steep -2.2% fall in 4Q2008 (-0.6% Oct, -1.1%

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Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were -0.5% in in December and +0.6% year-over-year through December. Excluding volatile oil and food costs from the readings, “Core” PCE price index for December was 0% (making it 0% for all of 4Q2008) and +1.7% YOY through December. The steep -2.2% fall in

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Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were -1.1% in in November and +1.4% year-over-year through November. Excluding volatile oil and food costs from the readings, “Core” PCE price index for November was 0% (also 0% for October) and +1.9% YOY through November. The record 1.1% fall in November reflects not

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Overall Personal Consumption Expenditures, the Fed’s favorite measure of consumer inflation, were -0.5% in October and +3.2% year-over-year through October. Excluding volatile oil and food costs from the readings, “Core” PCE for October was unchanged and +2.0% YOY through October. Here’s a link to complete PCE numbers for 3Q2008. The Fed tends to look at

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