FRED recently added two new personal consumption expenditures (PCE) price index data series from the US Bureau of Economic Analysis: one excluding the energy and housing categories from the all-items PCE price index and a second one excluding the food, energy, and housing categories. These series are timely additions to FRED’s substantial repository of measures of trend inflation. The FRED graph above shows these two new PCE price index series from the BEA (blue and red lines), along with the all-items price index (green line). The data are plotted as inflation rates, or percent changes from a year ago. Between April ... (full story)