By Jill Mislinski
Note: The charts below have been updated with the latest Personal Consumption Expenditures price index from the Bureau of Economic Analysis. The annualized rate of change is calculated to two decimal places for more precision in the side-by-side comparison with the Consumer Price Index.
The BEA's Core Personal Consumption Expenditures Chain-type Price Index for October, released Wednesday morning, shows that core inflation is below the Federal Reserve's 2% long-term target at 1.59%. The October Core Consumer Price Index release is higher at 2.31%. The Fed is on record as using Core PCE