Personal Income Up 0.1 Percent, Personal Consumption Up 0.5 Percent

According to the Bureau of Economic Analysis income only rose by .1% from December to January. This is slow compared to recent trends. Although slow income growth was not good, the personal consumption growth increases .5%, and spending increases by .3%. While consumption and spending were increasing the inflation was able to remain flat and prices only rose .2%. While the increase in incomes by only .1% is not ideal, it is still an increase. Also the fact that we are spending and consuming by that inflation is not growing out of control is obviously a good thing. This means that we are able to consume and spend more without much averse consequences.