US Inflation Declines in January, Core PCE Matches Expectations
- Annual Inflation: US Personal Consumption Expenditures (PCE) Price Index fell to 2.5% in January, down from 2.6% in December, according to the US Bureau of Economic Analysis.
- Core PCE Inflation: Excluding food and energy, core PCE rose 2.6% year-over-year, lower than 2.9% in December, aligning with market expectations.
- Monthly Changes: Both PCE Price Index and core PCE increased by 0.3% in January, as forecasted.
- Market Impact: The data suggests a continued decline in inflation, reinforcing expectations for future Federal Reserve policy decisions.
From the same month one year ago, the PCE price index January increased 2.5 percent. Excluding food and energy, the PCE price index increased 2.6 percent from one year ago.
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