US Personal-Consumption Inflation Cools; Spending Misses Forecasts

[progree]

2. PCE inflation indexes from the source. Last 5 month ANNUALIZED: PCE: +2.42%, CORE PCE: +3.71%

Last 12 months ANNUALIZED: PCE: +5.5%, CORE PCE: +4.7%
Last 5 month ANNUALIZED: PCE: +2.42%, CORE PCE: +3.71%
Last 2 months ANNUALIZED: PCE: +2.90%, CORE PCE: +2.61%

I put this in the CPI and PPI and PCE Megapost, 12/23/22
https://www.democraticunderground.com/10143007428#post2

BEA report on incomes, outlays and PCE inflation:
https://www.bea.gov/news/2022/personal-income-and-outlays-november-2022

PCE Inflation
MONTHLY CHANGES, %
JUL AUG SEP OCT NOV
-0.1 0.3 0.3 0.4 0.1 PCE
0.1 0.6 0.5 0.3 0.2 Core PCE

12 MONTH CHANGES, %
JUL AUG SEP OCT NOV
6.4 6.3 6.3 6.1 5.5 PCE
4.7 4.9 5.2 5.0 4.7 CORE PCE

Detailed monthly PCE price indexes can be found on Table 2.3.4U.https://apps.bea.gov/iTable/?reqid=19&step=3&isuri=1&select_all_years=0&nipa_table_list=2015&series=m&first_year=2020&last_year=2022&scale=-99&categories=underlying&thetable=#eyJhcHBpZCI6MTksInN0ZXBzIjpbMSwyLDNdLCJkYXRhIjpbWyJuaXBhX3RhYmxlX2xpc3QiLCIyMDEzIl0sWyJjYXRlZ29yaWVzIiwiU3VydmV5Il1dfQ==

. . . . . . . JAN FEB MAR ... NOV
. . . . . PCE 119.469 120.178 121.321 121.563 122.300 123.512 123.397 123.728 124.154 124.617 124.747
CORE PCE 120.761 121.205 121.651 122.030 122.488 123.258 123.352 124.031 124.607 124.933 125.143

PCE 5 months annualized: (124.747/123.512)^(12/5)-1 = .0242 = 2.42%
CORE PCE 5 months annualized: (125.143/123.258)^(12/5)-1 = .0371 = 3.71%

PCE 2 months annualized: (124.747/124.154)^(12/2)-1 = .0290 = 2.90%
CORE PCE 2 months annualized: (125.143/124.607)^(12/2)-1 = .0261 = 2.61%