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1 Mar 2013
US: PCE rose 1.2% YoY in January
The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.2% YoY in January and remained flat on a monthly basis. The Core reading, which strips the food and energy costs, rose 1.3% YoY and 0.1% MoM.
Personal Income contracted 3.6% on a monthly basis while Personal Spending rose 0.1%.
Personal Income contracted 3.6% on a monthly basis while Personal Spending rose 0.1%.