US: PCE (Jul) rose 1.6% YoY

FXStreet (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.6% YoY during July, matching the previous print. On a monthly basis, prices rose 0.1%. The Core reading, which strips the food and energy costs, rose 1.5% over the last twelve months and 0.1% inter-month. Personal Income expanded 0.2% on a monthly basis while Personal Spending contracted 0.1%.