Key Points:
- U.S. consumer spending rose by 0.7%, or $133.6 billion, in December, up from 0.4% in November.
- Personal income increased by 0.4%, or $92.0 billion, in December, up from 0.3% in November.
- The overall personal consumption expenditures price index rose 0.3% in December and is up 2.6% from a year prior.
- The core personal consumption expenditures price index, which excludes food and energy, rose 0.2% in December and is up 2.8% from a year prior.
- The Right Facts will continue to monitor spending, prices, and income.