Key Points:
- U.S. consumer spending rose by 1.8%, or $312.5 Billion, in January, after falling 0.1% in January.
- Personal income increased by 0.6%, or $131.1 Billion, in January, up from 0.3% in December, but below the 0.9% consensus.
- The overall personal consumption expenditures price index rose 0.6% in January and is up 5.4% from a year prior, above the 5.0% consensus.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.6% in January and is up 4.7% from a year prior, above the 4.3% consensus.
- The Right Facts will continue to monitor spending, prices, and income.