#PCEInflationWatch

The Personal Consumption Expenditures (PCE) price index, the Federal Reserve's preferred inflation measure, rose by 0.3% in December 2024, bringing the annual rate to 2.6%, up from 2.4% in November.

Core PCE, which excludes food and energy prices, increased by 0.2% in December, maintaining a 2.8% annual rate for the third consecutive month