THE FED’S PREFERRED INFLATION MEASURE SLOWS IN JANUARY

Key Points:

  • U.S. consumer spending fell by 0.2%, or $30.7 billion, in January after rising 0.8% in December.
  • Personal income increased by 0.9%, or $221.9 billion, in January, up from 0.4% in December.
  • The overall personal consumption expenditures price index rose 0.3% in January and is up 2.5% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.3% in January and is up 2.6% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
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