Primerica Household Budget Index rises to 100.6% in August
PRI•Primerica’s Household Budget Index rose 0.1% from July to 100.6% in August, up 0.4% year over year. Average earned income increased 0.3% month over month and 3.3% year over year, while headline CPI rose 3.4% and HBI necessity costs increased 3.7% from a year earlier.
1. Index and income
Primerica’s Household Budget Index rose to 100.6% in August, up 0.1% from July and 0.4% from a year earlier. Average earned income climbed 0.3% month over month and 3.3% year over year.
2. Prices
Headline CPI rose 3.4% in August from a year earlier, while HBI necessity costs increased 3.7%.
