CONSUMER SPENDING AND INCOME ROSE IN AUGUST, PRICES REMAIN HIGH

Key Points:

  • U.S. consumer spending rose by 0.8% in August, beating economists’ expectations.
  • Personal income increased by 0.2%, or by $35.5 Billion, in August.
  • The overall personal consumption expenditures price index rose 0.4% in August and is up 4.3% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in August and is up 3.6% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source