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2022-02-25

Huat liao

Fed’s Favorite Inflation Gauge Up 5.2% For Biggest Annual Gain Since 1983

A key inflation measure showed that prices rose at their fastest level in nearly 39 years, the Comme

Fed’s Favorite Inflation Gauge Up 5.2% For Biggest Annual Gain Since 1983

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It was the highest level since April 1983.</p><p>Including food and energy prices, headline PCE was up 6.1%, the strongest gain since February 1982.</p><p>On a monthly basis, core PCE rose 0.5%, in line with estimates, while the headline gain was up 0.6%.</p><p>The same report showed that consumer spending accelerated faster than expected, rising 2.1% on the month against the 1.6% estimate. The spending increase reversed a 0.8% decline in December. 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