The Personal Consumption Expenditures Price Index rose 0.3% last month after a downwardly revised 0.1% gain in ‌July, the Commerce Department's Bureau of Economic Analysis said on Wednesday. Economists polled by Reuters had forecast the PCE price index rising 0.4% after a previously reported 0.2% gain in July. In the 12 months through August, PCE inflation advanced 2.6% after increasing by a downwardly revised 3.4% in July

Core PCE inflation increased 3.0% year-on-year in August after a downwardly revised 3.0% advance in July. Underlying inflation was initially estimated to have risen 3.3% in the 12 months through July.