What is the difference between CPI, PPI and PCE?

Lok Sabha 2024: Rahul Gandhi Files Nomination in Wayanad Amid Lingering Amethi Debate |Oneindia News

Congress leader Rahul Gandhi holds a spirited roadshow in Wayanad, Kerala, ahead of filing his nomination papers for the Lok Sabha elections. Thousands of supporters join him, while CPI candidate Annie Raja also files her nomination. Criticism arises, questioning Rahul's decision to contest against Raja instead of confronting the BJP directly. The electoral dynamics in Wayanad reflect intricate alliances and fierce rivalries. #Congress #RahulGandhi #LokSabhaElections #Wayanad #KeralaElections #CPI #AnnieRaja #BJP #Amethi #CongressParty #Worldnews #Oneindia #Oneindianews ~HT.99~PR.152~ED.194~

Consumer Prices Rose 0.4% in February

Consumer Prices , Rose 0.4% in February. The Bureau of Labor Statistics released its latest data on March 12. In February 2024, prices rose 0.4% compared to January and 3.2% year-over-year, according to the Consumer Price Index (CPI). The figures, which are greater than expected, represent the biggest monthly increase since September, Yahoo Finance reports. . The index for housing rent rose 0.5% in February. Gas prices rose 3.8%. While food prices held steady for the month, they increased 2.2% year-over-year. The Federal Reserve will use the latest data to help determine its position on interest rates on March 20. . Experts predict that rates will remain unchanged for the time being. The market is now eyeing June for the possibility of rate cuts, Yahoo Finance reports. . Fed Chair Jerome Powell recently said that while interest rates will likely be cut "at some point this year," "a little bit more data" is needed.

Key Federal Reserve Inflation Gauge Rose 2.8% in March

Key Federal Reserve Inflation Gauge , Rose 2.8% in March. According to Commerce Department data released on April 26. the personal consumption expenditures (PCE) price index, not including food or energy, rose 2.8% year-over-year in March. . That exceeded Dow Jones estimates of 2.7%, CNBC reports. . When also accounting for food and energy, the all-items PCE measure rose 2.7%, which was above the 2.6% estimate. Inflation reports released this morning were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC. ... but investors should not get overly anchored to the idea that inflation has been completely cured and the Fed will be cutting interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC. The prospects of rate cuts remain, but they are not assured, and the Fed will likely need weakness in the labor market before they have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC. Consumers continue to spend despite higher prices, CNBC reports. Personal spending increased 0.8% in March, while personal income rose 0.5%. The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living. The Fed continues to target 2% inflation, which the core PCE has exceeded for the last three years, CNBC reports.