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Kevin Green highlights that today's PCE report includes three methodology adjustments that influenced its results.
These changes involve replacing nominal price deflation with a CES-based quantity series for portfolio management and investment advice, while maintaining nominal price deflation for computer software and accessories.
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Green has previously tracked energy cost developments, noting that U.S. retail diesel prices were nearing all-time highs ahead of peak refinery utilization. He also recently analyzed WTI crude's approach to a $104.95 peak in the context of oil market intervention discussions. These earlier observations provide additional context for his latest coverage of inflation methodology revisions.