PCE was little changed in March after rising 0.3% in February. Over the past 12 months, PCE increased by 2.3%, slightly above analysts’ expectations of 2.2% but 0.4 percentage points lower than February’s annual rate of 2.7%.

Core PCE declined to 2.6% from 3% year-over-year and was flat in March, aligning with analysts’ expectations of 2.6% and slightly below the anticipated monthly increase of 0.1%, respectively.

Relevant Sources:
Bureau of Economic Analysis Release: bea.gov