US PCE measures how fast consumer prices are rising year-on-year and is the Federal Reserve's preferred inflation gauge for its 2% target.
Actual
5.5%
Forecast
5.5%
Previous
6.1%
Source: U.S. Bureau of Economic Analysis. Figures as released; revisions appear in the next print.
US PCE Price Index for November 2022 came in at 5.5% versus 5.5% expected (previous 6.1%), in line with forecast.
What it meant for the US Dollar
The actual landed in line with the 5.5% forecast. A reading above forecast is generally bullish for the USD, and below forecast bearish.
New to this release? See what US PCE Price Index measures, the next release and its full history.