Annual inflation across those categories dipped further, however, and is now at levels not seen since 2021. In September, the annual core PCE index increased 3.7%. It’s slowing down, but it’s still going fast.”Consumers have remained relatively resilient in the face of persistent inflation, spending more than economists thought and keeping the economy growing well above expectations. Inflation in recreation categories slowed to 0.1% for the month, down from 0.4% in September. On an annual basis, those prices are now up 3.2%, which is the lowest since November 2021.

Source: CNN November 14, 2023 16:42 UTC