PRICES ROSE IN AUGUST, CONSUMER SPENDING SLOWED

Key Points:

  • U.S. consumer spending rose by 0.4%, or $83.6 billion, in August, after rising 0.9% in July.
  • Personal income increased by 0.4%, or $87.6 billion, in August, after rising 0.2% in July.
  • The overall personal consumption expenditures price index rose 0.4% in August and is up 3.5% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.1% in August and is up 3.9% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source