FED’S KEY INFLATION GAUGE ROSE 2.5% FROM A YEAR AGO

[infogram id=”ae581115-4119-4183-aaad-613156dd39f2″ prefix=”YHh” format=”interactive” title=”PERSONAL SPENDING 07302024″]

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.
Source