CONSUMER SPENDING STALLED IN MAY

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Key Points:

  • U.S. consumer spending rose by 0.1%, or $18.9 Billion, in May, after rising 0.6% in April.
  • Personal income increased by 0.4%, or $91.2 Billion, in May, after rising 0.3% in April.
  • The overall personal consumption expenditures price index rose 0.1% in May and is up 3.8% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in May and is up 4.6% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source