Core inflation climbed to a multi-month high as expected in October, according to data released Tuesday morning, as questions swirl about the sticky price increases for American consumer with the potential inflationary effects of the tariffs backed by President-elect Donald Trump ahead.
by Derek Saul
Forbes
[…] Surprising Fact
Though the core PCE metric is about half of its 2022 peak of 5.6%, it’s still higher than it was for all of 1994 to 2020, evidence of the yearslong price increases coming out of the depths of the COVID-19 pandemic.
Key Background
The PCE index tracks how much Americans actually spend on goods and services in a given month.