KEY INFLATION RATE HITS 2.1% IN SEPTEMBER, AS EXPECTED

Key Points:

  • U.S. consumer spending rose by 0.5%, or $105.8 billion, in September, up from 0.3% in August.
  • Personal income increased by 0.3%, or $71.6 billion, in September, after rising 0.2% in August.
  • The overall personal consumption expenditures price index rose 0.2% in September and is up 2.1% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in September and is up 2.7% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source