U.S. HOUSEHOLDS CUT SPENDING IN DECEMBER

Key Points:

  • U.S. consumer spending fell by 0.2%, or $41.68 Billion, in December, after November was revised to a 0.1% decline.
  • Personal income increased by 0.2%, or $49.5 Billion, in December, down from 0.3% in November.
  • The overall personal consumption expenditures price index rose 0.1% in December and is up 5.0% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in December and is up 4.4% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source