U.S. Consumer Spending Rose 0.2% in May
WASHINGTON—U.S. shoppers solely modestly elevated their spending in Might regardless of improved incomes, as year-over-year inflation posted its largest enhance in over six years.
Private consumption expenditures, a measure of family spending on every thing from gasoline to espresso machines, elevated a seasonally adjusted Zero.2% in Might from the prior month, the Commerce Division mentioned Friday.
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