CONSUMER SPENDING, INCOME, AND PRICES ROSE IN OCTOBER

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Key Points:

  • U.S. consumer spending rose by 1.3% in October, beating economists’ expectations of 0.9%.
  • Personal income increased by 0.5%, or by $93.4 Billion, in October.
  • The overall personal consumption expenditures price index rose 0.6% in October and is up 5.0% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in October and is up 4.1% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source