Personal Spending Tepid in May

Washington, DC, June 26, 2014 -- Personal spending rose a seasonally adjusted 0.2% in May from April, according to the Commerce Department.

The rise was due to higher prices and came after a flat reading of spending in April.

Adjusted for inflation, spending declined.

In addition, personal income rose 0.4% in May, marking five straight months of gains.

                                                                                                                                                                                                                     
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