Key Points:
- U.S. consumer spending rose by 0.8%, or $144.6 billion, in July, after rising 0.6% in June.
- Personal income increased by 0.2%, or $45.0 billion, in July, after rising 0.3% in June.
- The overall personal consumption expenditures price index rose 0.2% in July and is up 3.3% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in July and is up 4.2% from a year prior.
- The Right Facts will continue to monitor spending, prices, and income.