Economic Buzz: US personal consumption expenditure shows acceleration in price pressures

The US Personal Consumption Expenditures (PCE) marked a surge of 3.6% in September on year basis, up from August?s 3.4% increase, data from the US Bureau of Economic Analysis (BEA) showed on Thursday. This is the fastest growth in four months. The core PCE, excluding fluctuating food and energy costs, increased by 3.1% from a year earlier, marking strongest surge in five-months.

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