FX.co ★ U.S. Consumer Prices Increase In Line With Estimates In September

The U.S. Department of Commerce published its September report on personal income and expenditures, incorporating the Federal Reserve's favored consumer price inflation indicators. According to the report, the personal consumption expenditures (PCE) price index increased by 0.2% in September, following a 0.1% uptick in August. This moderate rise was in line with economists' predictions.

The annual growth rate for the PCE price index decelerated to 2.1% in September from 2.3% in August, aligning with market forecasts. Additionally, the core PCE price index, which excludes volatile food and energy prices, saw a rise of 0.3% in September, up from a 0.2% increase in the prior month, also meeting economists' expectations.

However, the yearly growth rate of the core PCE price index remained steady at 2.7% in September, contrary to the anticipated slowdown to 2.6%. The report further highlighted that personal income grew by 0.3% in September, following a 0.2% increase in August, consistent with economist projections.

Consumer spending showcased a 0.5% rise in September, succeeding a 0.3% increase in August, surpassing the forecasted growth of 0.4%.