SPENDING ROSE IN APRIL DESPITE HIGH INFLATION

Key Points:

  • U.S. consumer spending rose by 0.9%, or $152.3 Billion, in April.
  • Personal income increased by 0.4%, or $89.3 Billion, in April.
  • The overall personal consumption expenditures price index rose 0.2% in April and is up 6.3% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in April and is up 4.9% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source