US Consumer Spending Weak in May, While Inflation Speeds Up

U.S consumers increased their spending just 0.2 percent in May, a disappointing result after two months of much stronger gains. Meanwhile, inflation — as measured by a gauge monitored by the Federal Reserve — rose at the fastest pace in six years.

from Restaurants & Food - ArkansasBusiness.com http://www.arkansasbusiness.com/article/122636/us-consumer-spending-weak-in-may-while-inflation-speeds-up