US: PCE rose 1.2% YoY in January

FXStreet (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.2% YoY during January, surpassing December’s 1.1%. On a monthly basis, prices rose 0.1%. The Core reading, which strips the food and energy costs, rose 1.1% over the last twelve months and 0.1% MoM, matching estimates. Personal Income expanded 0.3% on a monthly basis while Personal Spending rose 0.4%.