CPI vs PCE: The Two Inflation Measures and Why the Fed Prefers PCE
How the Consumer Price Index and the PCE price index measure inflation, who publishes each, why they differ, what "core" means, and why the Fed's 2% target uses PCE.
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How the Consumer Price Index and the PCE price index measure inflation, who publishes each, why they differ, what "core" means, and why the Fed's 2% target uses PCE.