U.S. consumer spending gain lags behind income for second month

U.S. PURCHASES ROSE 0.2 percent in February. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
U.S. PURCHASES ROSE 0.2 percent in February. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
NEW YORK - Consumer spending lagged behind income growth for a second month in February, showing American households were taking a breather after a late-2017 surge. Inflation, meanwhile, ticked up. Purchases, which account for about 70 percent of the economy, rose 0.2 percent after a similar advance at the start of the year, Commerce Department figures…

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