Nemo already reported this over at the
Q2 GDP .9% post however, I thought it needed its own post/thread.
June's PCE was 6.8% up from May's PCE of 6.3%. This probably means that July's CPI when released will continue to be north of 9%.
The PCE (Personal Consumer Expenditures) price index, released each month in the Personal Income and Outlays report, reflects changes in the prices of goods and services purchased by consumers in the United States.
Keep in mind that the 6.8% PCE includes reduced prices at the pumps.
