Data released by the US Department of Commerce on Friday (23) showed that the US personal consumption spending (PCE) price index rose 5.5% year-on-year in November, slightly below expectations market share by 5.6%, and the revised Previous value was 6.1%. Preferred Inflation Indicator (Fed) ─ ─ Excluding food and energy prices, the PCE core price index in November increased by 4.7% year on year, in line with market expectations of 4.7%, and the previous value was 5%.
Month-on-month, the US November PCE price index rose 0.1%, lower than market expectations of 0.2%, and the previous value returned 0.3%; the core PCE price index in November increased by 0.2%, in line with market expectations of 0.2% and the previous revised value reported 0.3%.
In addition, November personal spending announced the same day fell 0.1% MoM, below market expectations of 0.2%, and the previous value was revised to 0.9%.
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