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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/us-personal-income-rises-while-consumer-spending-surges/" data-wpel-link="internal">US Personal Income Rises While Consumer Spending Surges</a> 
The US Federal Reserve recently announced data for the Core Personal Consumption Expenditures Price Index, which it considers an indicator of inflation. According to the released data, personal income data in February was at 0.3%, while personal consumption expenditures increased by 0.8%, exceeding market expectations. 
<h2 style="text-align: justify" id="strong-personal-income-increases-as-consumer-spending-rises-strong">Personal Income Increases as Consumer Spending Rises</h2> 
The US Department of Commerce released personal income and consumption expenditures data for February. Accordingly, personal income in the country increased by 0.3% last month compared to the previous month. This means that the expected 0.4% increase did not materialize. Americans’ personal income had increased by 1% monthly in January. 
On the other hand, Americans’ personal consumption expenditures showed an increase above expectations, with a monthly rise of 0.8%. Market expectations were for a 0.5% increase. In January, personal consumption expenditures had increased by 0.2%. 
<h2 style="text-align: justify" id="strong-key-inflation-indicator-matches-expectations-strong">Key Inflation Indicator Matches Expectations</h2> 
Furthermore, the Core Personal Consumption Expenditures Price Index, which the Fed considers an inflation indicator, was at 0.3% on a monthly basis and 2.8% on an annual basis in February. The data was expected to be at 0.3% monthly and 2.8% annually. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-334954" src="https://coin-turk.com/wp-content/uploads/2024/03/Fed-Enflasyon-Veri-Ekonomik.png" alt="" width="2290" height="1396"> 
The Core Personal Consumption Expenditures Price Index, which the Fed takes into account, is calculated excluding food and energy items. The index had recorded a monthly increase of 0.5% and an annual increase of 2.9% in January. This represented the lowest annual increase since April 2021. 
The annual increase in the Personal Consumption Expenditures Price Index, which includes food and energy items, was in line with market expectations at 2.5%. The monthly increase was below market expectations at 0.3%. In January, the data had shown a monthly increase of 0.4% and an annual increase of 2.4%. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/us-personal-income-rises-while-consumer-spending-surges/" data-wpel-link="internal">US Personal Income Rises While Consumer Spending Surges</a></h5>

US Personal Income Rises While Consumer Spending Surges

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