CONSUMER SPENDING JUMPED IN SEPTEMBER, PRICES REMAIN ELEVATED

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.
Source