United States Core PCE Price Index Annual Change

The US core PCE price index, the Federal Reserve’s preferred gauge to measure inflation, rose by 4.6% annually in February of 2023, the least in 15 months, and slowing from the 4.7% in the previous month. The result compares to market expectations of 4.7%, raising hopes that price growth is easing and that the Federal Reserve could limit the extent of remaining rate hikes in its tightening campaign.