Consumer Spending Sees Slight Increase in May

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July 3, 2023

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Consumer Spending Sees Slight Increase in May

The latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—shows personal spending grew by 0.1% in May, marking the fifth consecutive month of increases after posting a revised 0.6% growth in April.

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Paige Brown

As Managing Editor, Social Media & Blog, Paige oversees RISMedia’s social media editorial and creative strategy, as well as managing content for the Housecall Blog, ACESocial and other editorial projects. She also helps develop marketing materials, email campaigns and articles for Real Estate magazine. Paige graduated from Central Connecticut State University with a B.A. in Journalism and Public Relations.