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Consumer spending and incomes rose while a key measure of inflation dipped in June

August 1, 2021 Robert Harrington

A key measure of inflation showed price increases slowing down in June, while Americans' incomes and spending rose — signaling better-than-expected momentum in the economic recovery.

Even though prices continued to climb, albeit at a slower pace than expected, it didn't weigh on American spending, the Bureau of Economic Analysis reported Friday. READ MORE

← Are you in the global middle class?Higher wages are fantastic for workers. But small businesses are struggling to keep up →
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