U.S. CONSUMER SPENDING INCREASED IN JUNE

Key Points:

  • U.S. consumer spending rose by 0.5%, or $100.4 billion, in June, after rising 0.2% in May.
  • Personal income increased by 0.3%, or $69.5 billion, in June, after rising 0.5% in May.
  • The overall personal consumption expenditures price index rose 0.2% in June and is up 3.0% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in June and is up 4.1% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source