US Inflation Climbs as Consumers Spent More in May
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years. Inflation-adjusted consumer spending rose 0.3% from
US consumer spending accelerated in May even as prices rose at the fastest pace in more than three years. Inflation-adjusted consumer spending rose 0.3% from a month earlier. The personal consumption expenditures price index rose 4.1% last month from a year earlier.
Enda Curran reports. More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg
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