Consumer Spending Growth Moderated in February and Core Inflation Eased

Wall Street Journal, Mar. 31, 2023–Gwynn Guilford (subscription)
Consumer spending increased a seasonally adjusted 0.2% in February, from January’s revised 2% increase, which was the largest one-month gain in nearly two years, the Commerce Department said Friday. When adjusted for rising prices, spending fell 0.1% in February from the prior month, after rising a revised 1.5% in January.