Personal Consumption Expenditures Price Index: 22-12-2023

Today’s given signal :

According to estimates released by the Bureau of Economic Analysis today, personal income increased $57.1 billion in October (0.2 percent at a monthly rate). Personal consumption expenditures (PCE) increased $41.2 billion (0.2%) as well as disposable personal income (DPI).

There was a decrease of less than 0.1 percent in the PCE price index. A PCE price index of 0.2% was achieved when food and energy were excluded. According to tables 3 and 4, real DPI increased 0.3 percent in October while real PCE increased 0.2 percent.

Increases in personal income on assets and compensation offset a decrease in current transfer receipts to increase current-dollar personal income in October.

As a result of an increase in service spending of $53.1 billion in October, current-dollar PCE increased by $41.2 billion, partially offset by a decrease in goods spending of $11.9 billion. Hospital and nursing home services led the increase in health care services, followed by housing and utilities (led by housing) and other services (led by international travel). Motor vehicles and parts (led by new motor vehicles) as well as gasoline and other energy goods contributed most to the decrease in goods.

A total of $43.8 billion was spent on personal outlays in October, which includes PCE, interest payments, and current transfers. In October, personal savings totalled $768.6 billion and the personal saving rate was 3.8 percent.

The price

October’s PCE price index increased less than 0.1 percent from September. There was an increase of 0.2 percent in prices for services and a decrease of 0.3 percent in prices for goods. There was a 0.2 percent increase in food prices and a 2.6 percent decrease in energy prices. The PCE price index increased 0.2 percent excluding food and energy.

In October, the PCE price index increased 3.0 percent from one year ago. Goods prices increased by 0.2 percent, while services prices increased by 4.4 percent. There was a 2.4% increase in food prices and a 4.8% decrease in energy prices. Excluding food and energy, the PCE price index increased 3.5 percent from one year ago.

An actual PCE

In October, real PCE increased by 0.2 percent as a result of 0.2 percent growth in services and 0.1 percent growth in goods (table 4). Other services (led by international travel), health care (led by hospital and nursing home services), and food services and accommodations (led by accommodations) contributed the most to the increase in services. Gasoline and energy goods contributed the most to the increase in goods.

Personal Income and Expenditures Updates

April through September estimates have been updated. Updated wage and salary data from the Bureau of Labor Statistics Quarterly Census of Employment and Wages program have been incorporated into estimates for compensation, personal taxes, and government social insurance contributions for April through June. Following are August and September revisions and previously published DPI and PCE for current-dollar personal income, and for chained-dollar DPI and PCE.


On last CPI data (30-11-2023) we predict to SELL XAUUSD as for good PCE data, gold price was raised.

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