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      Core Prices Increase 3.3% Annually in July, Fed's Inflation Gauge Shows

      The personal consumption expenditures (PCE) price index, a key measure of inflation closely monitored by the Federal Reserve, indicated that core prices rose by 3.3% on an annual basis in July. This figure reflects the ongoing trends in consumer prices and is significant for economic policy decisions.

      Economists surveyed by Dow Jones had anticipated a monthly increase of 0.1% and a 12-month rise of 3.6% in the PCE price index. The actual annual increase of 3.3% suggests a slight deviation from these expectations, highlighting the complexities of current inflation dynamics.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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