Items Tagged with 'fuel prices'

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  • Consumer Spending Fueled by Higher Prices

    Seen as an important bell weathers of the economy consumer spending and personal incomes are monitored to gauge the impacts of economic activity on individual Americans.  In March, the Commerce Department reports that Americans incomes did rise, along with spending.  Much of the spending increase, however, went to cover costs for higher fuel prices.   Personal incomes rose 0.5 percent of the month, with spending rising 0.2 percent after adjusting for inflation.  The increase in fuel prices is scaling back economists estimates for growth in the overall economy. Consumer spending attributes for roughly 70 percent of economic activity and
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