CONSUMER SPENDING JUMPS IN APRIL, PRICES REMAIN ELEVATED

Key Points:

  • U.S. consumer spending rose by 0.8%, or $151.7 Billion, in April, after rising 0.1% in March.
  • Personal income increased by 0.4%, or $80.1 Billion, in April, after rising 0.3% in March.
  • The overall personal consumption expenditures price index rose 0.4% in April and is up 4.4% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in April and is up 4.7% from a year prior, up from 4.6% in March.
  • The Right Facts will continue to monitor spending, prices, and income.
Source