Monthly PCE Price Index Fell In November, First Decline Since April 2020; 3Q-Real GDP Growth Pared To 4.9%

The Federal Reserve Bank’s preferred inflation measure, the Personal Consumption Expenditure Price Index, fell 0.1% month-over-month in November, according to the latest data from the Bureau of Economic Analysis released Dec. 22. Both the full index and the “core” index excluding food and energy continued to fall year-over year. The full index was down to…