Morningstar

June PCE Report: PCE Inflation Index Up 2.6%, Stronger Than Expected

The PCE Price Index increased 0.28% in June.

Illustration der Federal Reserve mit Währungsblasen, die die Inflation darstellen

The June Personal Consumption Expenditures Price Index posted a stronger-than-expected increase, up 2.6% from year-ago levels. 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 ago, above expectations. Economists forecast that the core PCE inflation index would rise 2.7%.

The PCE Price Index increased 0.28% from month-ago levels. Excluding food and energy, the index increased 0.26%.

June PCE Inflation Report Highlights

  • The PCE Price Index rose 0.28% in June, above the FactSet consensus forecast for a 0.20% increase and following an increase of 0.17% in May.
  • Core PCE rose 0.26% in June, below forecasts for a 0.28% increase and following an increase of 0.21% in May.
  • The PCE Price Index rose 2.6% year over year in June, above forecasts for a 2.5% increase and following an increase of 2.4% in May.
  • Core PCE rose 2.8% year over year in June, above forecasts for a 2.7% increase and following an increase of the same amount in May.

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