The U.S. Bureau of Economic Analysis released data on Thursday showing that the U.S. PCE price index in June rose 2.6% year-on-year, higher than the expected 2.5%, marking the highest level since December 2024, with the previous value revised up by 0.1 percentage points to 2.3%. Month-on-month, it remained flat at 0.3%, with the previous value revised from 0.1% to 0.2%.
The core PCE price index in the U.S. for June rose 2.8% year-on-year, higher than the expected 2.7%, returning to the highest level since October 2024, with the previous value revised up by 0.1 percentage points to 2.8%. Month-on-month, it remained flat at 0.3%, with the previous value at 0.2%.
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- The U.S. Bureau of Economic Analysis reported that the June PCE price index rose 2.6% year-on-year, exceeding the expected 2.5% and marking the highest level since December 2024.  
- The month-on-month change was 0.3%, aligning with expectations, while the previous value was revised up to 0.2%.  
- Additionally, the core PCE price index for June increased by 2.8% year-on-year, surpassing the anticipated 2.7% and returning to the highest level since October 2024.  

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The Federal Reserve's favorite inflation indicator unexpectedly rebounded! The U.S. core PCE price index in June rose 2.8% year-on-year, reaching a new high in over six months