Washington, DC, March 31, 2006--Consumer spending rose 0.1% in February, as incomes rose 0.3%, according to a report from the Commerce Department.
Economists were expecting incomes to rise by 0.4% and for spending to rise 0.1%
Prices were unchanged, while core inflation rose 0.1%. The savings rate was negative 0.5%.
The savings rate was negative 0.5%' this is the eleventh straight month the rate has been in negative territory.
Core prices are up 1.8% in the past 12 months.
Real disposable incomes increased 0.2%, the slowest growth since August.
In January, incomes rose 0.7%. Consumer spending rose a revised 0.8% in January.
