Skip to main content

Fed's favorite inflation gauge rose 0.3% in January

The Federal Reserve's favorite measure of tracking inflation jumped 0.3% in January as American families continue to grapple with elevated consumer prices.

An inflation measure closely watched by the Federal Reserve rose again in January as high prices continued to weigh on millions of Americans.

The personal consumption expenditures (PCE) index showed that consumer prices rose 0.3% from the previous month, according to the Labor Department. On an annual basis, prices climbed 2.4% – down slightly from the 2.4% reading recorded the previous month.

The figures were both in line with estimates from Refintiv economists.

This is a developing story. Please check back for updates.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.