Core inflation in the USA remained at 2.8 percent in June according to the so-called PCE measure. This can be compared to an average forecast among analysts of 2.7 percent, according to a compilation of forecasts from Bloomberg.
In May, the PCE core inflation – where food and energy prices are not included – was at revised 2.8 percent.
If food and energy prices are included, the PCE inflation rose to 2.6 percent compared to revised 2.4 percent in April. The expected figure was 2.5 percent.
The PCE inflation is seen by the USA's central bank Federal Reserve (Fed) as the most important price increase measure when decisions on future interest rates are to be made.
In contrast to the more common CPI measure of inflation, which is based on a basket of goods, the PCE inflation is calculated on what is actually consumed.
The Fed's inflation target is 2 percent.
