The latest data reveals that the US Personal Consumption Expenditures (PCE) price index rose by 3.7% year-over-year in July, aligning with the prior month's reading while slightly exceeding the 3.6% that analysts had projected.
Core PCE, which strips out volatile food and energy components, climbed 3.3% annually in July, matching both the market consensus and the figure recorded in the preceding month.
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