#1 Prices fell last month for the first time since April 2020
发表于 ： 2023年 12月 22日 19:08
Last month, for the first time since April 2020, prices fell on a monthly basis, according to a closely watched report released Friday by the Commerce Department.
US inflation slowed further in November, and consumer spending continued to outpace expectations, lending further credence to the idea that the US Federal Reserve could stick its “soft landing” of bringing down inflation with a barrage of interest rate hikes while not throttling the economy into a recession.
November’s Personal Consumption Expenditures price index, a comprehensive measure of prices US households pay for goods and services, declined 0.1% from the month before, bringing the annual inflation rate to 2.6%.
It’s the first time the headline PCE index decreased on a monthly basis since the early stages of the Covid-19 pandemic. Annually, it’s a marked improvement from a 2.9% rate in October and the 40-year high of 7.1% notched in June 2022.
Tumbling gas prices — energy prices dropped 2.7% from October — drove the swing into negative territory, according to the report.
https://www.cnn.com/2023/12/22/economy/ ... index.html
US inflation slowed further in November, and consumer spending continued to outpace expectations, lending further credence to the idea that the US Federal Reserve could stick its “soft landing” of bringing down inflation with a barrage of interest rate hikes while not throttling the economy into a recession.
November’s Personal Consumption Expenditures price index, a comprehensive measure of prices US households pay for goods and services, declined 0.1% from the month before, bringing the annual inflation rate to 2.6%.
It’s the first time the headline PCE index decreased on a monthly basis since the early stages of the Covid-19 pandemic. Annually, it’s a marked improvement from a 2.9% rate in October and the 40-year high of 7.1% notched in June 2022.
Tumbling gas prices — energy prices dropped 2.7% from October — drove the swing into negative territory, according to the report.
https://www.cnn.com/2023/12/22/economy/ ... index.html