According to the monthly report published by the U.S. Bureau of Economic Analysis, Personal Consumption Expenditures (PCE) price index in September rose 0.1% on a monthly basis to match August’s reading and analysts’ expectation. On a yearly basis, PCE price index edged down to 2% from 2.2% in the same period. Meanwhile, core PCE price index, which strips volatile food and energy prices, increased 0.2% in September (MoM) and stayed unchanged at 2% annually.
Key takeaways from the official press release
- Personal income increased $35.7 billion (0.2 percent) in September.
- Disposable personal income (DPI) increased $29.1 billion (0.2 percent) and personal consumption expenditures (PCE) increased $53.0 billion (0.4 percent).
- Real DPI increased 0.1 percent in September and Real PCE increased 0.3 percent.
- The increase in personal income in September primarily reflected increases in wages and salaries, government social benefits to persons, and rental income of persons that were partially offset by a decrease in proprietors’ income.
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