Economy, Gasoline Prices | featured news

Higher gas prices push inflation rate increase to 10-month high

In another sign that higher gas prices are squeezing consumers, the government's monthly measure of inflation rose in February at the strongest pace since last April.

 

Consumer spending tepid in April

Consumer spending rose less than expected in April as high gasoline prices continued to squeeze household budgets, according to government data on Friday which also showed annual inflation accelerating at its fastest pace in a year.

 

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