“Fed’s favorite inflation gauge up 5.2% for biggest annual gain since 1983”
February 25, 2022
“…The core personal consumption expenditures price index, the Federal Reserve’s primary inflation gauge, rose 5.2% from a year ago, slightly more than the 5.1% Dow Jones estimate. It was the highest level since April 1983.
Including food and energy prices, headline PCE was up 6.1%, the strongest gain since February 1982.
On a monthly basis, core PCE rose 0.5%, in line with estimates, while the headline gain was up 0.6%.
The same report showed that consumer spending accelerated faster than expected, rising 2.1% on the month against the 1.6% estimate. The spending increase reversed a 0.8% decline in December…”
https://www.cnbc.com/2022/02/25/pce-inflation-january-2022-.html