Inflation Alert! Bureau of Economic Analysis (BEA) has issued the following the PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent for July 2021.

r/Superstonk - Inflation Alert! Bureau of Economic Analysis (BEA) has issued the following the PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent for July 2021.

https://www.bea.gov/news/2021/personal-income-and-outlays-july-2021

Personal income increased $225.9 billion (1.1 percent) in July according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $198.0 billion (1.1 percent) and personal consumption expenditures (PCE) increased $42.2 billion (0.3 percent).

Real DPI increased 0.7 percent in July and Real PCE decreased 0.1 percent; goods decreased 1.6 percent and services increased 0.6 percent. The PCE price index increased 0.4 percent. Excluding food and energy, the PCE price index increased 0.3 percent

The $42.2 billion increase in current dollar PCE in July reflected an increase of $102.6 billion in spending for services and a decrease of $60.4 billion in spending for goods. Within services, increases were widespread across all spending categories, led by food services and accommodations. Within goods, decreases were widespread across most spending categories, led by motor vehicles and parts, recreational goods and vehicles, as well as clothing and footwear. These decreases were partially offset by an increase in gasoline and other energy goods.

https://apps.bea.gov/iTable/iTable.cfm?reqid=19&step=3&isuri=1&nipa_table_list=2014&categories=underlying

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