Dallas Fed April trimmed mean PCE price index +4.4% vs +3.8% prior

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Dallas Fed April trimmed mean PCE price index +4.4% vs +3.8% prior

• Prior was +3.8%
• Six-month trimmed mean annualized +4.4%
• 12-month trimmed mean +4.8%

This is a one-month annualized measure from the Dallas Fed and highlights another measure of core inflation.

The most significant decreases in the PCE are found in the sectors of spectator sports (-62.4%), natural gas (-45.3%), fuel oil (-42.5%), hotels and motels (-34.3%), major household appliances (-34.2%), and motor vehicle rental (-32.5%).

The sectors with the most significant inflation include clothing materials (129.4%), sewing items (129.4%), tax preparation and other related services (110.7%), repair of household appliances (95.2%), and repair of furniture, furnishings, and floor coverings (95.2%). Other notable increases include used autos (74.0%), used light trucks (68.5%), legal services (56.5%), professional association dues (56.5%), and other household services (52.5%).

Those were all trimmed out but some of the numbers that were kept in the index:

• 
    Motor
    vehicle maintenance and repair +6.7%
• Men's and boys' clothing +6.3%
• Tires +4.8%
• Women's and girls' clothing +1.5%
• Vegetables +3.3%
• Beef +3.5%
• Food products (other) +6.1%

Food, clothing and vehicle-related items appear to be sticky sources of inflation.

                This article was written by Adam Button at www.forexlive.com.

Source: Dallas Fed April trimmed mean PCE price index +4.4% vs +3.8% prior

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