Additionally, personal income grew by 0.5% (equivalent to $122 billion) in March, while personal disposable income also increased by 0.5% ($104 billion).
In March, the price index for private consumption (PCE) in the United States Marco an increase, reaching 2.7% year-on-yearcompared to the previous 2.5%, according to the latest data provided by the Bureau of Labor Statistics of the US Department of Commerce.
Regarding core inflation, it has remained stable at 2.8%, unchanged from the previous month. Both indicators have exceeded analyst consensus expectations.
Regarding the monthly variation, tBoth the general index and the underlying index have registered an increase of 0.3% compared to February, maintaining the same growth rate as the previous month. These results have been aligned with market forecasts.
The details of the data
In detail, prices of goods increased by 0.1% in March, while services experienced an increase of 0.4%. In year-on-year terms, an increase of 0.1% was observed in the prices of goods and 4% in services.
Additionally, personal income grew by 0.5% (equivalent to $122 billion) in March, while personal disposable income also increased by 0.5% ($104 billion). On the other hand, personal consumption expenditures increased by 0.8% ($160.9 billion).
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
