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US personal consumption expenditure inflation less than 0.1% in June

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US personal consumption expenditure inflation less than 0.1% in June

The U.S. personal consumption expenditure price, or PCE, index increased by less than 0.1% in June compared to May, after virtually no change a month earlier, the Department of Commerce said.

In annual terms, PCE inflation slipped to 1.4% from 1.5% in May.

Excluding food and energy, PCE inflation was 0.1%, unchanged from the preceding month. In annual terms, core PCE inflation held steady at 1.5% in June.

Personal income fell by less than 0.1%, after a 0.3% increase in May, measured in current dollars.