The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July.
That was faster than the 0.5% Dow Jones estimate and another indication that inflation is broadening.
On a year-over-year basis, core PCE increased 4.9%, more than the 4.7% estimate and up from 4.7% the previous month. Including gas and energy, headline PCE increased 0.3% in August, compared with a decline of 0.1% in July. It rose even with a sharp decline in gas prices that took the cost at the pump well below the nominal record above $5 a gallon earlier in the summer.
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