Both Prices and Income on the Rise

In January both consumer’s income and spending rose more than expected. Personal income rose 1%, while consumers spending rose by .5%. This results in a close watch of inflation, meaning a general or progressive increase in prices. “A chief economist with Standard and Poor’s said the rise in the inflation measure isn’t a surprise for the January report.” David Wyss states that, “the month of January is when bonuses get paid, and bonuses have become a bigger part of people’s paychecks.” Wyss also says that “the rise in personal income and consumer spending will not result toward rate hikes as a way of fighting inflation.” Do you have the same opinion…???