In September, the U.S. Personal Consumption Expenditures (PCE) price index rose by 0.2% from the previous month, according to the latest data.
In September, the U.S. Personal Consumption Expenditures (PCE) price index rose by 0.2% from the previous month, according to the latest data. Within this measure, goods prices saw a slight decline of 0.1%, while service prices increased by 0.3%. Food prices rose by 0.4%, contrasting with a 2.0% drop in energy prices. When excluding the more volatile food and energy categories, the core PCE price index registered a 0.3% month-over-month increase.
Year-over-year, the PCE price index showed a 2.1% increase for September. This includes a 1.2% decrease in goods prices and a 3.7% rise in services. Food prices were up by 1.2%, while energy costs fell sharply by 8.1%. The core PCE price index, which excludes food and energy, rose 2.7% over the past year, reflecting continued inflation pressures, particularly in the services sector.
Source: U.S. Bureau of Economic Analysis
Global markets traded cautiously ahead of key central bank meetings, with investors focused on the Federal Reserve and the Bank of Japan for fresh policy signals.
Detail
Ceasefire Pause Eases Oil and Inflation Fears (27 – 31 July)Global markets began the week on a more positive footing after a pause in US and Iranian military operations reduced immediate concerns over energy supplies and inflation. The United States quietly suspended its nearly two-week strike campaign against Iran late Friday, while Tehran halted retaliatory operations and entered discussions with Oman regarding the Strait of Hormuz. The developments pushed oil prices sharply lower, supporting precious metals and government bonds after weeks of pressure from rising energy costs.
Detail Fed in Focus Amid Easing Tensions (07.27.2026)Global markets began the week on a firmer footing as a pause in U.S.–Iran hostilities eased concerns over energy supplies and inflation.
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