Fed's Preferred Inflation Gauge Indicates Easing Price Growth in June

The Federal Reserve’s preferred inflation metric grew in June at its slowest annual rate since September 2021.

The Personal Consumption Expenditures (PCE) Index grew 3.0% year over year in June, down from 3.8% the month prior and in line with expectations. “Core” PCE, which excludes the volatile food and energy categories, grew 4.1%, down from 4.6% from the month prior and below the 4.2% economists surveyed by Bloomberg had expected.

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