Quantcast
Home » Topics » core measure of inflation

Consumer spending up for eighth consecutive month

WASHINGTON (Reuters) - U.S. consumer spending rose for an eighth straight month in February as households tapped savings to cover higher food and energy prices. Spending rose 0.7 percent in February after a 0.3 percent increase in January, and inflation accelerated at its fastest pace since June 2009, the Commerce Department said on Monday. Adjusted…

Google+