SPENDING ROSE 0.2% IN FEBRUARY, PRICES ROSE 0.6%

Key Points:

  • U.S. consumer spending rose by 0.2%, or $34.9 Billion, in February.
  • Personal income increased by 0.5%, or $101.5 Billion, in January.
  • The overall personal consumption expenditures price index rose 0.6% in February and is up 6.4% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in February and is up 5.4% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source