US PCE Inflation Declines to 3.4%, Staying Inline With Expectations

US PCE Index Falls to 3.4% YoY


The United States Personal Consumption Expenditure (PCE) Index increased by 3.4% year-on-year, staying in line with expectations. Bitcoin increased by 0.69% with the announcement of the data.

According to the US Bureau of Economic Analysis, the PCE index surged by 0.4% month-on-month, aligning with expectations. Whereas the YoY increase was 3.$%

The Core PCE index, which excludes food and energy, increased 3.7% YoY and 0.3% MoM. The core PCE inflation is nearly at its two-year low.

US Core PCE price index YoY. Source:

After the announcement of the US PCE date, the price of Bitcoin (BTC) has increased by 0.69%, trading at $34,154.

Read more: 7 Ways To Handle Retirement With Increasing Inflation

Bitcoin price
Bitcoin price. Source: TradingView

This is a developing story.

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