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US consumers tighten their belts as inflation bites
Spending rose 0.2% for January - below the 0.3% gain forecast and 0.5% increase in the previous month
Add BT as a preferred sourcePublished Wed, Mar 1, 2017 · 09:50 PM
Washington
CONSUMER spending rose less than projected in January as rising prices pinched Americans' wallets, leading inflation-adjusted purchases to fall by the most since 2009.
The 0.2 per cent advance in spending followed a 0.5 per cent increase in the prior month, the Commerce Department reported on Wednesday.
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