Inflation Keeps Consumers Running in Place

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00001359-inflation-keeps-consumers-running-in-plac/

Consumers earned and spent more in May, but price increases negated the rise in wages, the Commerce Department reported Friday.

Incomes and spending were up 0.4% last month, but consumer prices also increased 0.4%. The all-important core prices index ? which factors out food and energy prices ? rose 0.2%.

The numbers were roughly in line with analysts expectations.

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Inflation Keeps Consumers Running in Place

Unknown Author

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