In the United States, the PCE (Personal Consumption Expenditure Price Index) in January increased by 2.4% compared to the same month last year.
The rate of increase was the lowest in about three years, once again demonstrating that inflation is slowing down.
The January PCE (Personal Consumption Expenditure Price Index) announced by the US Department of Commerce on the 29th increased by 2.4% compared to the same month of the previous year.
The rate of increase decreased by 0.2 points from the previous month, marking the lowest level since February 2021 and the lowest level in 2 years and 11 months.
The index, which excludes energy and food, which have large price fluctuations, rose 2.8%, down 0.1 points from the previous month.
This index is emphasized by the Federal Reserve Board of Governors as an indicator for determining the actual state of inflation.
The rate has remained below 3% since November last year, once again showing that inflation is slowing down.
However, personal income rose significantly by 1.0% compared to the previous month, far exceeding market expectations.
Rising incomes can also lead to higher prices through increased personal consumption.
Fed Chairman Jerome Powell is scheduled to testify before Congress next week, and there is a lot of interest in what he will say about future monetary policy, including the current state of prices and when to start cutting interest rates.