Post #55527 by PucksFool on the US Policy board

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From the link:

Consumer spending rose at a 2.5% pace, up from 0.6% in the first quarter and well above the 1.6% the government previously estimated. Spending on services advanced at a 2.6% annual pace, more than double the government's previous estimate of 1.2%.

Is that because consumers are buying more or because what consumers are buying is costing more?

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