The key measure of federal reserves increased more than expected in February, while consumer consumption also published less than the intended increase, the trade department reported on Friday.
AND Basic Exhibitions for Personal Consumption Index Price He showed an increase of 0.4% of the month, which put a 12-month inflation rate at 2.8%. The economists explored by Dow Jones sought an appropriate number of 0.3% and 2.7%.
The underlying inflation excludes volatile food and energy prices and is generally considered to be a better indicator of long -term inflation trends.
To the measure of all-ites, the price index increased 0.3% of the month and 2.5% compared to the year before, both in accordance with the forecasts.
At the same time, the Bureau report for economic analysis has shown that consumer consumer consumer has accelerated 0.4% for a month, below a forecast of 0.5%. This came as a personal income recorded an increase of 0.8%, compared to the estimate of 0.4%.
Fed officials are focused on reading PCE inflation because they consider it a wide measure that also adapts to changes in consumer behavior and puts less emphasis on housing from the consumer prices of the Ministry of Labor.
Correction: Consumer consumption in February increased 0.4%. The earlier title was misplaced by the number.
This is news. Refresh for updates.
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