INFLATION REMAINS MODERATE WHILE CONSUMERS KEEP SPENDING

Key Points:

  • U.S. consumer spending rose by 0.7%, or $133.9 billion, in December, after rising 0.4% in November.
  • Personal income increased by 0.3%, or $60.0 billion, in December, after rising 0.4% in November.
  • The overall personal consumption expenditures price index rose 0.2% in December and is up 2.6% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, also rose 0.2% in December and is up 2.9% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source