KEY FED MEASURE SHOWS INFLATION ROSE 2.6% IN MAY FROM A YEAR AGO

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Key Points:

  • U.S. consumer spending rose by 0.2%, or $47.8 billion, in May, up from 0.1% in April.
  • Personal income increased by 0.5%, or $114.1 billion, in May, after rising 0.3% in April.
  • The overall personal consumption expenditures price index was unchanged in May and is up 2.6% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.1% in May and is up 2.6% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
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