KEY FED INFLATION GAUGE AT 2.2% IN AUGUST, CORE PRICES JUMPED TO 2.7%

Key Points:

  • U.S. consumer spending rose by 0.2%, or $47.2 billion, in August, down from 0.5% in July.
  • Personal income increased by 0.2%, or $50.5 billion, in July, after rising 0.3% in July.
  • The overall personal consumption expenditures price index rose 0.1% in August and is up 2.2% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.1% in August and is up 2.7% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
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