United States PCE Price Index Annual Change

The personal consumption expenditure price index in the United States increased by 5.4% year-on-year in January of 2023, accelerating from an upwardly revised 5.3% rise in the previous month. Prices for goods were up 4.7% (vs 5.1% in December) and prices for services increased 5.7% (vs 5.4%). Food cost went up 11.1% (vs 11.6%) and energy prices increased 9.6% (vs 8.5%). Compared to the previous month, the PCE Price Index rose by 0.6%, the most in seven months.