That brings us to the PCE Price Index, an inflation gauge that’s been growing in popularity. There is no estimate for the headline number, which rose 0.3% month-over-month in August and was up 6.2% annually .
The Core PCE Price Index, which factors out volatile food and energy costs, is expected to rise 0.5% in September, slightly less than August’s 0.6% increase. The year-over-year change in the Core PCE Price Index, which is the Fed’s preferred measure of inflation, is anticipated to spike to 5.2%. Economists surveyed by Refinitiv are looking for a drop of 5.0% in September, the tenth decline in the last 11 months as buyers struggle with surging borrowing costs and high prices.
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