![]() Among other items, Americans also bought more computers, gasoline and clothing.ĭespite longstanding predictions of a forthcoming recession, Friday’s data underscored the U.S. Much of the increase was driven by spending on new cars, which soared 6.2%. Their spending jumped 0.8% from March to April, the biggest increase since January. The year-over-year figure is down sharply from a 7% peak last June but remains far above the Fed’s 2% target.įriday’s report from the government also showed that despite rising prices, consumers remain buoyant. Measured year over year, prices increased 4.4% in April, up from 4.2% in March. ![]() That was much higher than the 0.1% rise the previous month. ![]() The index, which the Federal Reserve closely monitors, showed that prices rose 0.4% from March to April. prices ticked higher in April, and consumer spending rebounded, a sign that inflationary pressures in the economy remain high. ![]()
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