Key Points:
- U.S. consumer spending rose by 0.3%, or $57.6 billion, in June, down from 0.4% in May.
- Personal income increased by 0.2%, or $50.4 billion, in June, after rising 0.4% in May.
- The overall personal consumption expenditures price index rose 0.1% in June and is up 2.5% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in June and is up 2.6% from a year prior.
- The Right Facts will continue to monitor spending, prices, and income.