SPENDING AND PRICES ROSE IN JANUARY, INCOME FLAT

Key Points:

  • U.S. consumer spending rose by 2.1%, or $337.2 Billion, in January.
  • Personal income increased less than 0.1%, or $9.0 Billion, in January.
  • The overall personal consumption expenditures price index rose 0.6% in January and is up 6.1% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.5% in January and is up 5.2% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source