Core personal consumption expenditures year over year have been stuck in a range of 2.78% year over year for eighteen long months.
This is shaping up to become the regrettable new normal.
Core pce had averaged just 1.50% year over year for twelve years from 2009-2020 inclusive. The rate has been 85% higher than that for a year and a half now on an average basis.
The 2.78% rate is but little lower than the 2024 average of 2.81%, and the 2.75% average for the first six months of 2025 still rounds up to 2.8%.
You remember 2024. Joe Biden was president, and so far in 2025 he might as well still be.
Inflation is the worst tax. Unfortunately it's the Uniparty's policy.
