Core Services Inflation Remains Stubbornly High Amid AI Economic Pressures

The latest PCE Price Index indicates that inflation is proving resistant to decline, with core services prices staying elevated while artificial intelligence deployment begins to exert direct costs on consumers.

26 Aug, 18:04 — 26 Aug, 18:04

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wolf-streetMixed10h ago

Inflation Refuses to Go Back into the Bottle: Fed-Favored PCE Price Index

AI has begun exacting its pound of flesh directly from consumers. And “Core Services” inflation remains hot.

By Wolf Richter

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Core Services Inflation Remains Stubbornly High Amid AI Economic Pressures

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Inflation Refuses to Go Back into the Bottle: Fed-Favored PCE Price Index

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