U.S. Core PCE Price Index Sees Slight Increase in Fourth Quarter

According to PANews, the U.S. core Personal Consumption Expenditures (PCE) price index for the fourth quarter showed an annual rate of 2.8%, slightly up from the previous rate of 2.7%. Additionally, the revised annual rate for the overall PCE price index in the fourth quarter was reported at 2.5%, compared to the prior rate of 2.4%.