KEY INFLATION GAUGE ROSE 0.3% IN FEBRUARY, SPENDING MODERATES

Key Points:

  • U.S. consumer spending rose by 0.2%, or $27.9 Billion, in February, after rising 2.0% in January.
  • Personal income increased by 0.3%, or $72.9 Billion, in February, down from 0.6% in January.
  • The overall personal consumption expenditures price index rose 0.3% in February 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 February and is up 4.6% from a year prior, below the 4.7% consensus.
  • The Right Facts will continue to monitor spending, prices, and income.
Source