Market Updates
PCE Inflation Slows In November
Brian Turner
23 Dec, 2022
New York City
Personal income increased $80.1 billion, or 0.4% at a monthly rate, while consumer spending increased $19.8 billion, or 0.1% in November.
The increase in personal income primarily reflected increases in compensation and personal income receipts on assets.
The personal saving rate, personal saving as a percentage of disposable personal income, was 2.4% in November, compared to 2.2% in October.
Real disposable personal income increased 0.3% in November and real consumer spending grew less than 0.1%.
Goods decreased 0.6% reflecting lower spending on new motor vehicles and services increased 0.3% Within services driven by the largest increase in food services and accommodations.
The PCE Price Index Growth Slows
The personal consumption expenditure price index rose 5.5% in November slower than 6.1% in October, the slowest pace of increase since Oct 2021.
Food prices increased 11.2% and energy cost rose 13.6%, according to report released by the U.S. Bureau of Economic Analysis
The core PCE price index, which excludes food and energy costs, rose 4.7% in November,
On a monthly basis. the PCE price index increased 0.1% in November from October.
Energy prices decreased 1.5% and food prices increased 0.3% and excluding food and energy, the core PCE price index increased 0.2 percent from October to November.
Annual Returns
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