SPENDING ROSE IN APRIL DESPITE HIGH INFLATION

[infogram id=”24a0fe69-db99-48af-a718-f3aef4af6e69″ prefix=”Any” format=”interactive” title=”PERSONAL SPENDING 05272022″]

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