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Consumer Spending Growth Slowed and Core Inflation Eased in February
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Consumer spending rose more modestly in February after a sharp jump at the start of the year, while inflation cooled but remained elevated.
Households boosted their spending by a seasonally adjusted 0.2% in February from the prior month, the Commerce Department said Friday. That followed a revised 2% increase in January, but economists said the two months viewed together represented a solid gain as 2023 got under way.
Read more on wsj.comAbout this in other media
U.S. Inflation Eased to 5% in March wsj.com /1 year ago
China Consumer Price Growth Eases, Reflecting Caution on the Economy wsj.com /1 year ago
U.S. Inflation Eased to 5% in March wsj.com /1 year ago
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