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#PCEInflationWatch
⚪️ Inflation stabilizes: data matches forecasts
Recently released inflation data for August showed that price levels rose in line with expectations, which brought some positive to the market, halting its decline.
⚪️ Over the month, prices rose by 0.3%, which was in line with forecasts, while in the previous month the increase was 0.2%.
⚪️ In annual terms, inflation reached 2.7%, which is also in line with expectations and slightly higher than the previous figure of 2.6%.
⚪️ The core PCE index remained at 2.9% y/y, as expected, unchanged compared to the previous month.
⚪️ Inflation stabilizes: data matches forecasts
Recently released inflation data for August showed that price levels rose in line with expectations, which brought some positive to the market, halting its decline.
⚪️ Over the month, prices rose by 0.3%, which was in line with forecasts, while in the previous month the increase was 0.2%.
⚪️ In annual terms, inflation reached 2.7%, which is also in line with expectations and slightly higher than the previous figure of 2.6%.
⚪️ The core PCE index remained at 2.9% y/y, as expected, unchanged compared to the previous month.
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