. The Personal Consumption Expenditures price index, or PCE, rose 5.5% in November from a year earlier and 0.1% from October, the Commerce Department reported Friday. In October, prices rose 6.1% annually. Core PCE, which excludes the volatile food and energy categories, was up 4.7% annually and 0.2% on a monthly basis. The annual increases for both PCE inflation indexes hit their lowest levels since October 2021.
PCE, specifically the core measurement, is the Fed’s favored inflation gauge, since it provides a more complete picture of costs for consumers. Economists polled by Refinitiv were anticipating core PCE to climb 4.7% from November 2021 and 0.2% from the month before. Friday’s report also showed that spending continued to rise in November, but at a much slower pace than in previous months. Spending was up 0.1% in November as compared to 0.8% the month before. Personal income increased by 0.
Close cnn ,fake news
Unfortunately they are not measuring the correct items for everyday Americans.inflation is running double digits
BS.
It’s not inflation, it’s corporate greed. Why don’t they ever measure corporate profits?
Are you kidding me? Just listen to the American people. We are going through a nightmare, courtesy of the White House and you, fake news. This is what the people get when you “fix the election”
Interesting spin. Bottom line: Inflation is still much higher than it should be, but not as bad as it was.
Affecting my craving for Macadamian nuts! 😡
Reichwingers outraged that inflation is decreasing, they’ll have to return to the oñd reliable propaganda about carsvsans of migrants, the war on Christmas, nonexistent litter boxes in bathrooms, and nonexistent CRT lessons in schools
Saying it doesn't make it true. Anyone, that goes shopping knows this. Maybe CNN should hire Sean Hannity, I heard he's looking for a job.
Yeah, our government.. see, everything is better. Ignorance is bliss.
Bull s’’t all run by democrats fudging the numbers I don’t believe anything they say I’m living it it’s getting worse every day
Preferred measurement hahaha.
Yeah…okay….
Bc no one has any money left to buy products now that everyone’s debt has increased Bc of all the interest rate hikes. So now in a recession with home sales dramatically down
You ran cover for a dying economy for a year. You denied inflation, then said inflation was actually a good thing. All to prop up the current inept administration. When the bill comes due you guys will have to pay it too.
Seems this thing has several peaks. Every time you need to claim improvement from the government who owns you, you scream “it’s peaked”. I know most of your viewers are potatoes but you can’t think we are all that gullible.
Double digits for 2023.
Taxation is theft and Jeffrey Epstein didn't kill himself.
“…preferred measurement of inflation” 🤡😂
The Dems $1.4 trillion omnibus bill sends BILLIONS for other countries to secure their borders. The Dems actually put in the bill : ‘NO FUNDS WILL BE ALLOCATED FOR THE SECURITY OF THE AMERICAN BORDER' Biden printing Trillions MORE $$ out of thin air driving UP BIDENFLATION 👇🏻
Sad that the Administration lies to the American people and you, CNN, do not do your due diligence to report the facts. In 18 months the price of eggs at Aldi's went from 92 cents to $3.92, one small example.
High prices peaked Because of gasoline prices
CNN continues to spew FakeNews to make this admin look competent. Failed across the board.
Gas went down......that's all the relief normal lower class serfs got....