US Inflation Rises as Consumer Spending Declines in May
TL;DR Summary
In May, a key inflation indicator increased slightly, with prices rising 2.3% year-over-year, while Americans reduced their spending for the first time since January, reflecting ongoing inflation pressures and cautious consumer behavior amid tariff impacts.
- Key inflation gauge rose last month while Americans cut back on spending ABC News - Breaking News, Latest News and Videos
- Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows CNBC
- Charting the Global Economy: Consumer Spending Weakens in US Bloomberg
- Americans reined in their spending last month CNN
- The May PCE Data Are Here. What to Know. Barron's
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