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.