The April personal income and spending numbers from the Bureau of Economic Analysis (BEA) is out and gives insight into Americans’ financial state. The post revealed the latest index for the US PCE, which is a key measure of inflation in the United States. Inflation Holds Steady as Wages and Benefits Boost Incomes According to the BEA post, the US PCE index rose by 0.1% from the previous month, which matches what experts expected. When looking at the yearly change, the US PCE increased by 2.1%, slightly below the expected 2.2%. This means that over the past year, prices for items people buy have gone up by 2.1%. The Core PCE, which excludes food and energy prices because they can be very up-and-down, also rose by 0.1% month-over-month, again matching expectations. On a yearly basis, the Core PCE went up by 2.5%, exactly as predicted. Food and energy are left… Read More at Coingape.com

The post US PCE Inflation Data Softens To 2.1%, Driven by Social Benefits and Wages appeared first on CoinGape.

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