Core PCE Price Index
Core PCE Price Index (Core Personal Consumption Expenditures Price Index; PCE stands for Personal Consumption Expenditures) measures changes in prices for goods and services purchased by households, excluding food and energy. It is the Federal Reserve's preferred inflation gauge for assessing underlying inflation trends.
Example: For example, a monthly release may show the core PCE price index rising modestly from the prior month, with the year-over-year pace indicating ongoing inflation trends.
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