Consumer spending rose 0.9% in March while core inflation moderated to a 1.6% annual rate, the government said Monday.
The numbers: Consumer spending surged in March while core inflation weakened, government figures show.
What happened: The government is releasing two months data as it continues to deal with the backlog created by the partial government slowdown. Headline inflation firmed in March, rising 0.2% after a 0.1% rise in February. This pushed up the year-on-year reading to 1.5% in March from 1.3% in February.
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