CONSUMER SPENDING FELL AS PRICES ROSE IN DECEMBER

Key Points:

  • U.S. consumer spending fell by $95.2 billion or 0.6% in December.
  • Personal income increased by 0.3%, or by $70.7 Billion, in December.
  • The overall personal consumption expenditures price index rose 0.4% in December and is up 5.8% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.5% in December and is up 4.9% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source