Federal Reserve’s Preferred Inflation Gauge Eases to Kick Off 2025

Core personal consumption expenditure, a measure that eliminates food and energy, slowed at a substantial rate last month.
Federal Reserve’s Preferred Inflation Gauge Eases to Kick Off 2025
A shopper makes her way through a grocery store in Miami, Fla., on July 12, 2023. Joe Raedle/Getty Images
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The Federal Reserve’s preferred inflation measure slowed in January, signaling that the recent uptick in price pressures could have peaked.

According to the Bureau of Economic Analysis (BEA), annual inflation in the personal consumption expenditure (PCE) price index eased to 2.5 percent last month from 2.6 percent.
Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."