Services boost US consumer spending in June inflation ris… – MENAFN.COM

Services boost US consumer spending in June inflation ris… – MENAFN.COM

(MENAFN - Gulf Times) US consumer spending rose more than expected in June as vaccinations against Covid-19 boosted demand for travel-related services, but part of the increase reflected higher prices, with annual inflation accelerating further above the Federal Reserve’s 2% target.


Though personal income barely rose last month, other data on Friday showed wage growth in the