Among the PCE price index components, year over year, the nondurable goods subindex was -0.3 percent in September, up from -1.6 percent in August. The durable goods subindex was -2.6 percent year over year in September, down from -2.0 percent in August and consistent with the long-term deflationary trend in the durable goods market. The services subindex rose 2.4 percent year over year in September, up from 2.3 percent in August. Services account for nearly two thirds of personal expenditures and have experienced relatively stable inflation of around 2 percent since 2010.
