Inflation in the USA amounted to 2.5 per cent in July according to the so-called PCE measure. It was unchanged compared to the previous month, as well as in line with market expectations according to Bloomberg's compilation.
The so-called core inflation according to the PCE measure amounted to 2.6 per cent at the same time. It was also unchanged, although the market had expected an increase to 2.7 per cent.
The PCE inflation is seen by the USA's central bank, the Federal Reserve (Fed), as the most important price increase measure when decisions on future interest rates are to be made. Unlike the ordinary CPI measure, which is based on a basket of goods, the PCE inflation is calculated on what is actually consumed.
