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US Consumer Spending Decreases Further; Inflation Creeping Up

Informational signs are seen at the Destiny USA mall during the reopening, as the coronavirus disease (COVID-19) restrictions are eased, in Syracuse, N.Y., on July 10, 2020. (Maranie Staab/Reuters)

BY REUTERS

WASHINGTON—U.S. consumer spending fell for a second straight month in December amid renewed business restrictions to slow the spread of COVID-19 and a temporary expiration of government-funded benefits for millions of unemployed Americans.

The report from the Commerce Department on Friday also showed inflation steadily rising last month. Expectations that inflation would perk up this year…

Click the link below to read the rest of this story.

https://www.theepochtimes.com/us-consumer-spending-decreases-further-inflation-creeping-up_3679129.html

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