US personal income rose 0.5% mom, or USD 113.4B, in May, matched expectations. Personal spending rose 0.2% mom, or USD 32.7B.
For the month, PCE price index rose 0.6% mom while core PCE price index rose 0.3% mom. For the 12-month period, PCE price index was unchanged at 6.3% yoy while core PCE price index slowed from 4.9% yoy to 4.7% yoy. Energy prices rose 35.8% yoy while food prices rose 11.0% yoy.
