Sources: U.S. Bureau of Economic Analysis (Haver Analytics) and authors’ calculations.
Supercore prices—the prices of core services excluding housing—as measured by the Personal Consumption Expenditure (PCE) price index jumped by 0.6 percent from December 2023 to January 2024, the largest monthly increase in more than two years. As supercore expenditures account for more than half the weight of the PCE core bundle, the contribution from the surge in supercore inflation (green bars) drove monthly core PCE inflation up to its highest level since January 2023.
Download Materials
Data File. (Updated through September 2024)
More in This Series
See more research from Charting the Economy.