Key Points:
- U.S. consumer spending rose by 0.7%, or $138.7 billion, in September, after rising 0.4% in August.
- Personal income increased by 0.3%, or $77.8 billion, in September, after rising 0.4% in August.
- The overall personal consumption expenditures price index rose 0.4% in September and is up 3.4% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in September and is up 3.7% from a year prior.
- The Right Facts will continue to monitor spending, prices, and income.