Year over year, the services and nondurable goods subindexes were up 2.1 percent and 0.1 percent, respectively, and the durable goods subindex was down 2.2 percent. On an annualized basis, services inflation rose 4.0 percent, its largest increase since October 2009, which may point to some upward pressure in services.

PCE Price Index Components, year-over-year percent change, monthly