Consumer Prices, Consumer Spending Both Flat In April
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Mark Memmott
Tuesday, May 15, 2012 at 9:26 AM
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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

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