U.S. CORE INFLATION MEASURE HIT FOUR-YEAR LOW

Key Points:

  • U.S. consumer spending rose by 0.2%, or $47.8 billion, in April after rising 0.7% in March.
  • Personal income increased by 0.8%, or $210.1 billion, in April, after rising 0.7% in March.
  • The overall personal consumption expenditures price index edged up 0.1% in April and is up 2.1% from a year prior.
  • The core personal consumption expenditures price index, which excludes food and energy, rose 0.1% and is up 2.5% from a year prior.
  • 2.5% Core PCE index was the lowest reading since March 2021.
  • The Right Facts will continue to monitor spending, prices, and income.
Source