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US June Core PCE Price Index Rises Less Than Expected M/M, Headline PCE Matches Estimates
The US June Core Personal Consumption Expenditures (PCE) Price Index rose 0.1% month-over-month, which was below the estimated 0.2% increase. The June PCE Price Index fell 0.1% month-over-month, matching estimates. On a year-over-year basis, the June PCE Price Index rose 3.7%, in line with estimates, while the Core PCE Price Index also rose 3.3% year-over-year, matching expectations.
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