A key measure of in the US remained stubbornly high last month, in a sign that higher prices are becoming entrenched despite the 's attempts to fight them by cooling the economy.The personal consumption expenditures (PCE) price index rose 6.2 percent in August from a year ago, down from recent peaks but still persistently high, the Commerce Department said on Friday.The PCE measure, which is preferred by the Fed for its flexible 2 percent target rate, is an alternative gauge to the better-known , which was stuck at 8.3 percent in August over last year.
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