Food and Energy Inflation Data Hint at Disposable Income Pressure
Inflation is making paying for basics of everyday life — food especially — harder to swallow. Earlier this week, PYMNTS reported that the cost of essentials as a share of disposable income was recently 22.4%. The Friday (Feb. 24) data from the government — via the Personal Consumption Expenditures (PCE) Index — shows that though disposable income […]