📊🇺🇸 The US Bureau of Economic Analysis (BEA) has released data on the core Personal Consumption Expenditures (PCE) price index, a crucial inflation metric. In July, it showed a 0.2% increase from the prior month, aligning with market forecasts. Year-on-year, the index surged by 4.2%, consistent with expectations. This indicator, which excludes volatile energy and food components, holds significance for the Federal Reserve as a reliable gauge of price trends. #EconomicIndicators #Inflation #USPCE #EconomicData