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Consumer Spending Fell 0.2% in December as Inflation Cooled
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U.S. households turned cautious at the end of last year, cutting spending during the holiday shopping season and increasing savings, adding to signs of an economic slowdown.
Consumer spending fell a seasonally adjusted 0.2% in December from the prior month, the Commerce Department said Friday, the second straight monthly drop following solid spending increases during several months last year. Adjusted for inflation, spending fell 0.3% last month.
Read more on wsj.comAbout this in other media
U.K. Inflation Cools but Wage Increases Keep Central Bank on Alert wsj.com /1 year ago
Annual Inflation Cooled Slightly in January as Pace of Moderation Levels Off wsj.com /1 year ago
U.K. Inflation Cools but Wage Increases Keep Central Bank on Alert wsj.com /1 year ago
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