U.S. INFLATION PRESSURE EASED IN MARCH

Key Points:

  • U.S. consumer spending rose by 0.7%, or $134.5 billion, in March after rising 0.4% in February.
  • Personal income increased by 0.5%, or $116.8 billion, in March, after rising 0.7% in February.
  • The overall personal consumption expenditures price index was unchanged in March and is up 2.3% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, was unchanged in March and is up 2.6% from a year prior.
  • The Right Facts will continue to monitor spending, prices, and income.
Source