The monthly rate of core PCE price index in the United States has cooled down in February

On March 29th, the Federal Reserve's preferred inflation indicator cooled down last month. The released data shows that the core PCE increased by 0.3% compared to the previous month, and the index was 0.5% in January, marking the largest consecutive increase in a year. Compared to a year ago, the core PCE increased by 2.8%, unchanged from the previous month. Economists believe that the core index is a better indicator of potential inflation compared to the overall index. Driven by the rise in gasoline prices, the overall indicator increased by 0.3% compared to the previous month and 2.5% compared to the same period last year. The actual monthly rate of personal consumption expenditure adjusted for inflation is 0.4%, higher than everyone's expectations.