This is a news story, published by Morningstar | Empowering Investor Success, that relates primarily to PCE news.
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Core inflationMorningstar | Empowering Investor Success
•74% Informative
Both overall and core PCE inflation stood at 2.5% year over year as of June , by our estimates.
We project inflation to continue to fall, averaging 2.4% in 2024 and then averaging just 1.8% over 2025 to 2028 .
Housing inflation should also start to fall.
The coming deceleration in GDP growth should also cool off prices across the economy.
We take a bottom-up approach to forecasting inflation for the next five years .
We expect notably lower inflation (and sometimes outright deflation) between 2024 and 2028 .
Durables: We expect durables to remain in deflationary territory.
Food and energy prices to subside as the industry adjusts to disruption from factors such as the Ukraine war , and one -off events such as outbreak of Highly Pathogenic Avian Influenza in 2022 .
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