Home | News & Opinion | Consumer spending increases slightly in June

Consumer spending increases slightly in June

By
Font size: Decrease font Enlarge font
Consumer spending increases slightly in June

Inflation recedes somewhat.

The Commerce Department reported today that consumer spending increased 0.4% in June.  This follows a revised increase of 0.3% in May.

Inflationary signs diminished slightly in June. The price index for personal consumption increased 0.2 % in June, compared with an increase of 0.3% in May. The index excluding food and energy increased 0.1% in June, compared with an increase of  0.2% in May.

The overall index is up 1.6% from a year ago, while the index excluding food and energy is up 1.5% during that period.

Disposable income increased 0.4% in June, the same increase as May, while the savings rate also stayed the same as last month, coming in a 5.3%.

Share this:

 

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha