Tuesday, May 15, 2012 at 9:26 AM
Dropping gas prices helped hold inflation down. Meanwhile, April consumer spending may have been slowed because warm weather in March encouraged folks to get out their wallets then.
Two bits of economic news this morning:
-- Consumer prices overall were unchanged in April, the Bureau of Labor Statistics reports, thanks in large part to a 2.6 percent drop in the price of gasoline.
-- Consumer spending rose just 0.1 percent in April from March, the Census Bureau says. According to Bloomberg News, some of the slowdown in spending growth may have been because unusually warm weather and pre-Easter shopping pushed March sales up more than expected. [Copyright 2012 National Public Radio]
This article is filed in: News, Economy, Home Page Top Stories
The French honor the patron saint of baking with cream-filled cake topped with caramelized sugar.
Bloomberg: Facebook's Saverin May Save $67 Million By Renouncing Citizenship
News that Eduardo Saverin renounced his U.S. citizenship ignited controversy about tax dodging.
Town's Effort To Link Fracking And Illness Falls Short
Despite residents' fears, scientists say they can't link health woes to gas wells in Dish, Texas.
Chipping In To Your Office Lottery Pool? Read This First
A dispute in Chicago over $118 million underscores why it's important to write things down.
Latino Voters: Seen, But Will They Be Heard, In 2012?
Now the fastest growing voting group, Latinos could play a key role in battleground states.
News updates from WGBH