FED’S KEY INFLATION GAUGE ROSE 0.2% IN JULY, 2.5% FROM A YEAR AGO

[infogram id=”8b02ab87-47b5-4424-a716-915899147da8″ prefix=”Ed5″ format=”interactive” title=”PERSONAL SPENDING 08302024″]

Key Points:

  • U.S. consumer spending rose by 0.5%, or $103.8 billion, in July, up from 0.3% in June.
  • Personal income increased by 0.3%, or $75.1 billion, in July, after rising 0.2% in June.
  • The overall personal consumption expenditures price index rose 0.2% in July 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 July and is up 2.6% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
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