Rising prices beat down consumer spending in June (AP)

Courtesy Ytop stories  Mon, 08/04/2008 - 8:11am

Office Depot shoppers Callan Garber, 10, right, and her sister, Lane Barber, 14, left, shops for school supplies at Office Depot in Mountain View, Calif., Tuesday, July 29, 2008.<br /><br />The Commerce Department reported Monday, Aug. 4, 2008, that consumer spending dipped by 0.2 percent in June, after removing the effects of higher prices, the poorest showing since a similar drop in February.<br /><br />(AP Photo/Paul Sakuma)AP - Consumer spending, after adjusting for inflation, fell in June as shoppers were hit with the biggest increase in prices in nearly three decades.




 

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