FED’S PREFERRED INFLATION GAUGE TICKED UP IN JANUARY

Key Points:

  • U.S. consumer spending rose by 0.2%, or $43.9 billion, in January, after rising 0.7% in December.
  • Personal income increased by 1.0%, or $233.7 billion, in January, after rising 0.3% in December.
  • The overall personal consumption expenditures price index rose 0.3% in January and is up 2.4% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.4% in January and is up 2.8% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
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