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U.S. consumer spending increases strongly; rise in inflation slows | Hellenic Shipping News Worldwide

U.S. consumer spending rose more than expected in April as households boosted purchases of goods and services, and the increase in inflation slowed, which could underpin economic growth in the second quarter amid rising fears of a recession. The economyโ€™s near-term prospects were also brightened by other data from the Commerce Department on Friday showing ...
New York United States Jennifer Lee Christopher Rupkey Nick Zieminski Commerce Department

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U S Consumer Price Gains Slow But Inflation Still Hot

The consumer price index increased 0.3 per cent last month, the smallest gain since last August as gasoline prices fell 6.1 per cent after soaring 18.3 per cent in March. That stood in sharp contrast to the 1.2 per cent month-to-month surge in the CPI in March, which was the largest advance since September 2005, , US inflation, consumer price index, gasoline prices, federal reserve
New York United States Christopher Rupkey Energy Information Administration Labor Department On Federal Reserve

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