US PCE Price index of net personal consumption expenditureDeltafx Admin 30 January 2023
The price index of net personal consumption expenditures (PCE) measures price changes in goods and services purchased by consumers for consumption, excluding food and energy. Prices are calculated based on the total cost of each item. This index measures price changes from the consumer’s perspective.
This index is an important tool for measuring changes in purchasing power and inflation trends.
The release of a value that is higher than expected should be considered positive/bullish for the USD, while the release of a value that is lower than expected should be considered negative/bearish for the USD.
The net price index for personal consumption expenditures in the US was 0.3% on January 27, in line with expectations, although it should be noted that the last period of this index was 0.2%.