Marc Goldwein: PCE and CPI both record 3.8 percent inflation over past year

Marc Goldwein: PCE and CPI both record 3.8 percent inflation over past year
PCE and CPI both show 3.8 percent

Marc Goldwein highlights that both the Personal Consumption Expenditures (PCE) price index and the Consumer Price Index (CPI) registered 3.8 percent inflation over the past year.

This observation points to close agreement between the two core inflation measures.

Goldwein has previously reported that U.S. improper payments totaled $186 billion last year. He also noted that national borrowing climbed to $1.8 trillion. In another analysis, Goldwein warned that persistent U.S. interest rates may raise debt by $2 trillion and boost interest costs to 30 percent of revenue, according to a recent article.

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