Key Points:
- U.S. consumer spending rose by less than 0.1%, or $8.2 Billion, in March, after rising 0.1% in February.
- Personal income increased by 0.3%, or $67.9 Billion, in March, the same rate as February.
- The overall personal consumption expenditures price index rose 0.1% in March and is up 4.2% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in March and is up 4.6% from a year prior, above the 4.5% consensus.
- The Right Facts will continue to monitor spending, prices, and income.