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#PCEInflationWatch The Personal Consumption Expenditures (PCE) inflation rate has been steadily increasing over the past few months. As of December 2024, the headline PCE inflation rate edged up to 2.6% from 2.4% in November, marking the third consecutive monthly rise.¹

The core PCE inflation rate, which excludes volatile food and energy prices, remained steady at 2.8% in December, matching November's reading and market expectations.²

Breaking down the numbers further, we see that prices for goods increased 0.2% in December, following a flat reading in November, while prices for services were up 0.3%, above 0.2% in the previous month.

It's worth noting that the PCE inflation rate is a key metric watched by the Federal Reserve, and these latest numbers may influence their decisions on interest rates and monetary policy.