CONSUMERS SPENDING MORE, MAKING LESS

Key Points:

  • U.S. consumer spending rose by 0.8%, or $145.5 billion, in February, after rising 0.2% in January.
  • Personal income increased by 0.3%, or $66.5 billion, in February, after rising 1.0% in January.
  • The overall personal consumption expenditures price index rose 0.3% in February and is up 2.5% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in February and is up 2.8% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.