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Inflation jumps again, PCE shows, and stays stubbornly high at over 5%

Por: MarketWatch Politics February 24, 2023

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The rate of inflation, using the Federal Reserve’s preferred PCE index, had tapered off rapidly since last summer. But further sharp declines soon are less likely, economists say. The annual increase in prices rose to 5.4% from 5.3% in December — the first uptick in seven months. The PCE index touched a 40-year high of 7% last June. Key details: The more closely followed core index also rose 0.6% last month Analysts has forecast a 0.5% gain.... + full article



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