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Consumer spending flat, inflation pressures muted
Published Mon, Jun 1, 2015 · 09:50 PM
Washington
US consumer spending was unexpectedly flat in April as households cut back on purchases of cars and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.
The Commerce Department report on Monday also showed no inflation pressures, with a price index for consumer spending recording its smallest gain since late 2009 on an annual basis.
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