The headline personal consumption expenditure (PCE) price index rose 1.2 percent year over year in November, down from its October pace of 1.4 percent year over year. Core PCE price inflation, which excludes food and energy, rose 1.4 percent year over year in November, a one-tenth of a percentage point decrease from October. At a one-month annualized rate, PCE headline inflation fell 2.0 percent in November, down from a 0.6 percent increase, and the core figure rose 0.1 percent, down from 2.0 percent in October. Recent PCE price index data suggest inflationary pressures remain at bay.
