The U.S. PCE price index increased by 2.5% in February, in line with expectations

The US personal consumption expenditures (PCE) price index rose by 0.3% month-on-month in February, which was expected to increase by 0.4%, and increased by 2.5% year-on-year, in line with expectations. During the period, the core PCE price index increased by 0.3% month-on-month and 2.8% year-on-year.

U.S. PCE price index rose in line with expectations in February

According to the latest data, the U.S. personal consumption expenditures (PCE) price index increased by 2.5% in February, in line with market expectations. This means that the U.S. economy still maintains solid growth momentum.

The core PCE price index also shows an upward trend

In addition to the overall PCE price index, the core PCE price index also showed a monthly increase of 0.3% and an annual increase of 2.8%. This shows that inflationary pressures in the United States still exist, but are under control.

U.S. Economic Outlook

Experts are generally optimistic about the future development of the U.S. economy. As the epidemic gradually comes under control and activities in various industries gradually return to normal, the U.S. economy is expected to achieve faster growth.

• Trade war situation easing
• The job market is gradually picking up
• Consumer confidence continues to improve

Summarize

In general, the increase in the U.S. PCE price index in February was in line with market expectations, showing that the U.S. economy as a whole still maintains a steady growth trend. In the future, with the further improvement of various economic indicators, the U.S. economy is expected to achieve better development.