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News Link • Economy - Economics USA

Consumer spending up, inflation accelerates

• Reuters

U.S. consumer spending rose for an eighth straight month in February, but much of the gain went to cover rising food and energy prices, providing little lift to the economy.

Overall consumer spending rose 0.7 percent last month after a 0.3 percent increase in January and inflation accelerated at its fastest pace since June 2009, the Commerce Department said 

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