US: PCE rose 1.1% YoY in December

FXstreet.com (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.1% YoY during December. The Core reading, which strips the food and energy costs, rose 1.2% over the last twelve months and 0.1% MoM. Personal Income came in flat vs. 0.2% expected and previous while Personal Spending rose 0.4%, surpassing forecasts at 0.3% and down from 0.6% (revised).