According to BlockBeats, the US core PCE (Personal Consumption Expenditures) price index for January recorded an annual increase of 2.8%, marking the smallest increase since March 2021. On a monthly basis, the core PCE price index for January registered a 0.4% increase, which is the largest increase since February 2023.
The core PCE price index is a key indicator of inflation in the United States and is closely monitored by the Federal Reserve. The recent data suggests a mixed picture of inflationary pressures in the US economy, with the annual rate showing signs of moderation, while the monthly rate indicates a continued acceleration in price growth.