Core Services PCE Inflation Spikes (Not Tariffed), Durable Goods Inflation (where Tariffs Hit) Turns Negative Month to Month

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Core Services PCE Inflation Spikes (Not Tariffed), Durable Goods Inflation (where Tariffs Hit) Turns Negative Month to Month

wolfstreet.com/2025/08/29/core-services-pce-inflation-spikes-not-tariffed-durable-goods-inflation-where-tariffs-hit-turns-negative-month-to-month

Services are where two-thirds of consumer spending goes. And that’s where inflation is. But it’s no longer in rents.
By Wolf Richter for WOLF STREET.
The core services PCE Price Index, which excludes energy services, accelerated to +0.36% (+4.4% annualized) in July from June, the third…

This story appeared on wolfstreet.com, 2025-08-29 19:39:48.