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. (Source: Bloomberg)
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. (Source: Bloomberg)
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