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For immediate release: July 31, 2007

Dallas Fed Trimmed Mean PCE 2.0 Percent

DALLAS—The Trimmed Mean PCE inflation rate for June was 2.0 percent at an annualized rate, according to the Federal Reserve Bank of Dallas.

The overall Personal Consumption Expenditures inflation rate for June, released by the Bureau of Economic Analysis, was an annualized 1.7 percent, while the inflation rate for PCE excluding food and energy was an annualized 1.7 percent.

The Trimmed Mean PCE inflation rate for the 12-month period ending in June was 2.3 percent. Over the same 12 months, the price index for overall PCE rose 2.3 percent and the price index for PCE excluding food and energy rose 1.9 percent.

Note that the current release reflects the BEA's annual benchmark revision to the underlying PCE data. Trimmed mean inflation rates from 2004 to May 2007 have been revised as a result.

The Trimmed Mean PCE inflation rate is an alternative measure of core inflation in the price index for PCE. It is calculated by the Dallas Fed, using data from the BEA.

For more information on the Trimmed Mean PCE, visit www.dallasfed.org.

Next release: August 31.

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Media contact:
James Hoard
Phone: (214) 922-5307
e-mail: james.hoard@dal.frb.org