CONSUMER SPENDING ROSE IN JUNE, PRICES REMAIN HIGH

Key Points:

  • U.S. consumer spending rose by 1.1%, or $32.7 Billion, in June.
  • Personal income increased by 0.6%, or $133.5 Billion, in June, the same reading as May.
  • The overall personal consumption expenditures price index rose 1% in June and is up 6.8% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.6% in June and is up 4.8% from the previous year.
  • The Right Facts will continue to monitor spending and income.
Source