Economist: US Core PCE Will Not Easily Decline

Odaily News After the PCE rose 4.1% year-over-year in May, some economists expected this might be the peak of price increases. However, RSM Chief Economist Joseph Brusuelas stated that the 0.3% increase in core inflation and the 3.4% year-over-year increase may have staying power. Given the clear transmission pressure within the PPI index in recent months, unlike the overall data, these prices will not decline that easily. (Jin Shi)