Two Measures of Inflation: November 2024
Published on January 2, 2025
The BEA's core Personal Consumption Expenditures (PCE) Price Index for November showed that core inflation continues to be above the Federal Reserve's 2% long-term target at 2.8%. The November core Consumer Price Index (CPI) release was higher, at 3.3%. The Fed is on record as using core PCE data as its primary inflation gauge.