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Dallas Fed Trimmed Mean PCE 1.4 Percent For May

For immediate release: June 29, 2012

DALLAS—The Trimmed Mean PCE inflation rate for May was 1.4 percent at an annualized rate, according to the Federal Reserve Bank of Dallas.

The overall Personal Consumption Expenditures inflation rate for May, released by the Bureau of Economic Analysis, was an annualized -2.2 percent, while the inflation rate for PCE excluding food and energy was an annualized 1.4 percent.

The Trimmed Mean PCE inflation rate for the 12-month period ending in May was 1.9 percent. Over the same 12 months, the price index for overall PCE rose 1.5 percent and the price index for PCE excluding food and energy rose 1.8 percent.

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.

Next release: August 3.

Note that the next release incorporates BEA’s annual revision. While the indexes for overall PCE and PCE excluding food and energy will be available from BEA July 31, the underlying data needed to calculate the trimmed mean will not be available until August 3.

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Media contact:
Alexander Johnson
Phone: (214) 922-5288
e-mail: alexander.johnson@dal.frb.org