US annual Core PCE inflation rises to 5.4% in February

Annual inflation in the US rose to 5.4% in February according to the latest Core PCE Price Index reading released by the US Bureau of Economic Analysis on Thursday. That was a tad below the expected reading of 5.5% YoY, but above January’s 5.2% reading. The MoM gain in prices according to the Core PCE Price Index was 0.4%, in line with expectations and a tad lower versus January’s 0.5% MoM gain. The Core PCE Price Index is the Fed’s favoured measure of underlying US inflationary pressures.