Among the PCE price index components, year over year, the nondurable goods subindex was up 1.7 percent in June, unchanged from May. Both months' readings were largest increase since October 2012. The durable goods subindex was down 2.2 percent year over year, consistent with the long-term deflationary trend in the durable goods market. The services subindex rose 2.2 percent year over year, down slightly from May's 2.3 percent. Services, which account for nearly two-thirds of personal expenditures, have experienced relatively stable inflation of around 2.0 percent since 2010, down from the typical 3.0 percent seen before the recession.
