The US Personal Consumption Expenditures (PCE) Price Index measures the prices of goods and services purchased by individuals in the United States, reflecting changes in consumer spending. The year-on-year (YoY) PCE growth rate indicates the percentage change in this index over the course of a year, tracking inflation or deflation trends.
An increase in the YoY PCE growth rate indicates rising prices for consumer goods and services, potentially leading to inflation. Conversely, a decrease in the YoY PCE growth rate suggests declining prices, which may result in deflation.
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US - Personal Consumption Expenditures [PCE] Price Index (YoY)
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