WASHINGTON (AP) – The Federal Reserve’s favored inflation gauge accelerated slightly in August from a year earlier.

The Commerce Department reported Friday that its personal consumption expenditures price index was up 2.7% in August from a year earlier, a tick higher from a 2.6% year-over-year increase in July and most since February. PBN Branded Content

Move Freely, Live Fully: Experts Share Insights on Spine & Joint Health

Special community lecture coming October 15 in Newport County Stiffness. Soreness. Limited movement. For many… Learn More

Excluding volatile food and energy prices, so-called core PCE inflation showed a 2.9% increase in prices from August 2024, same as in July. The increases were what forecasters had expected.

Prices rose 0.3% from July, compared to a 0.2% incre

See Full Page