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Marketplace

Personal incomes rose in January

Marketplace

Marketplace

News, Business

4.68.6K Ratings

🗓️ 29 February 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

January’s personal consumption expenditures report showed that prices were up 2.4% from the same time last year, suggesting that inflation remains in a cooling trend. The report also found that incomes jumped 1% last month — the biggest monthly gain in three years. Plus, why some customers with high-yield savings accounts aren’t getting promised rates, what Chinese electric vehicle tech could mean for national security and how Florida farmworkers are enforcing heat protection standards.

Transcript

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Prices are up, but so is income. What to make of the latest inflation report from American

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public media. This is Marketplace. marketplace.

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