PCE Core Inflation Close to 50-Year Low of 0.9%

April 28, 2011 8:09 PM | 1 min read |

According to today's BEA report, the annual inflation rate for Personal Consumption Expenditures (PCE) for the first quarter of 2011 is 1.6%, well below (less than half) of the average 3.6% rate back to 1960 (see top chart above). Annual inflation for the PCE Index less food and energy is 0.90% for the first quarter, just slightly higher than the 0.8% in QIV 2010, which was 0.8% (see bottom chart above). The only two quarters in more than fifty years going back to 1960 when the core PCE Inflation was less than 1% were the last two quarters.

So I ask? Where's the inflation? It's sure not showing up yet in PCE inflation.

Market News and Data brought to you by Benzinga APIs

Comments

Posted In: Financials Mortgage REIT's

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

PCE Core Inflation Close to 50-Year Low of 0.9%

Comments

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga