US Personal Consumption Expenditure Price Index Rises Higher Xinhua News Agency, New York, October 29 (Reporter Liu Yanen) Data released by the US Department of Commerce on the 29th showed that the US Personal Consumption Expenditure Price Index rose 3.6% year-on-year in September, which was higher than the 3.4% in August and the target of the US Federal Reserve Board. This was the highest increase since June. Data show that the price index for personal consumption expenses in the US rose 0.5% from the month of September, higher than the 0.3% increase in August, the highest increase in the last six months. The monthly increase in services prices remained unchanged at 0.3% in September, while the monthly increase in goods prices rose to 0.8% from 0.3% in August. Among them, the prices of gasoline and other energy products increased by 9.2% from the month of September, significantly higher than the increase of 4.4% in August. Excluding food and energy, the core price index for personal consumption rose 3.1% in September compared to a year, more than 3% in August, while the renewed increase remained unchanged at 0.3%. It is worth noting that spending on personal consumption in the US increased by 0.5% from the month of September, while personal disposable income increased by only 0.2%, which means that the economic situation of US residents is deteriorating. The Consumer Price Index is a measure of inflation that the US Federal Reserve pays attention to. This is key reference data for the formulation of monetary policy and one of the main reference indicators for achieving the Fed's inflation target.

US Personal Consumption Expenditure Price Index Rises Higher Xinhua News Agency, New York, October 29 (Reporter Liu Yanen) Data released by the US Department of Commerce on the 29th showed that the US Personal Consumption Expenditure Price Index rose 3.6% year-on-year in September, which was higher than the 3.4% in August and the target of the US Federal Reserve Board. This was the highest increase since June. Data show that the price index for personal consumption expenses in the US rose 0.5% from the month of September, higher than the 0.3% increase in August, the highest increase in the last six months. The monthly increase in services prices remained unchanged at 0.3% in September, while the monthly increase in goods prices rose to 0.8% from 0.3% in August. Among them, the prices of gasoline and other energy products increased by 9.2% from the month of September, significantly higher than the increase of 4.4% in August. Excluding food and energy, the core price index for personal consumption rose 3.1% in September compared to a year, more than 3% in August, while the renewed increase remained unchanged at 0.3%. It is worth noting that spending on personal consumption in the US increased by 0.5% from the month of September, while personal disposable income increased by only 0.2%, which means that the economic situation of US residents is deteriorating. The Consumer Price Index is a measure of inflation that the US Federal Reserve pays attention to. This is key reference data for the formulation of monetary policy and one of the main reference indicators for achieving the Fed's inflation target.