US PCE increased to 4.4% in April

MG News | May 26, 2023 at 05:31 PM GMT+05:00

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May 26, 2023 (MLN): The U.S. personal consumption expenditure (PCE) for the month of April 2023 clocked in at 4.4% YoY, compared to 4.2% YoY in March, the latest data issued by the U.S. Bureau of labor statistics on Wednesday showed.

Whereas, the PCE in April 2022 was 6.3% YoY.

On a sequential basis, US PCE went up by 0.4% MoM, higher than the 0.2% MoM increase in the previous month.

PCE is an indicator of inflation, which measure the prices that people living in the United States, or those buying on their behalf, pay for goods and services.

The PCE price index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior.

PCE is released each month, whereas, quarterly and annual data are included in the GDP release.

US PCE Historic Data
Year	Month	CPI YoY
2023	April (latest)	4.4%
2023	March	4.20%
2023	Feb	5.10%
2023	Jan	5.40%
2022	Dec	5.30%
2022	Nov	5.50%
2022	Oct	6.10%
2022	Sep	6.20%
2022	Aug	6.20%
2022	July	6.30%
2022	June	6.80%
2022	May	6.30%
2022	April	6.30%
2022	March	6.60%
2022	Feb	6.30%
2022	Jan	6.10%

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