PRICES HELD STEADY IN APRIL, CONSUMERS SLOWED SPENDING

Key Points:

  • U.S. consumer spending rose by 0.2%, or $39.1 billion, in April, down from 0.7% in March.
  • Personal income increased by 0.3%, or $65.3 billion, in April, after rising 0.5% in March.
  • The overall personal consumption expenditures price index rose 0.3% in April and is up 2.7% from a year prior, the same readings as March.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in March and is up 2.8% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.