Inflation May Moderate, but Sticky Price Increases Continue to Pressure Consumers

This week, the latest spate of data from the government on spending trends will be released.

Retail sales data will track consumer demand for finished goods that fly off merchants’ real and virtual shelves. The Personal Consumption Expenditures Index will give a sense of how much of the monthly paycheck is being spent, overall, on tangible goods and services.

In addition, the latest Consumer Price Index (CPI) data drops on Wednesday. Core CPI is expected to increase 3.6% year over year.