FED’S PREFERRED INFLATION GAUGE ROSE IN NOVEMBER

Key Points:

  • U.S. consumer spending rose by 0.4%, or $81.3 billion, in November, up from 0.3% in October.
  • Personal income increased by 0.3%, or $71.1 billion, in November, down from 0.7% in October.
  • The overall personal consumption expenditures price index rose 0.1% in November and is up 2.4% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.1% in November and is up 2.8% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source