(CNN)– Americans are feeling the pinch of inflation.
New U.S. Commerce Department data shows inflation hit a 21 month high of 2.9%.
Delayed data from December shows the personal consumption expenditures price index jumped .4% in December.
Consumer Spending Data shows shoppers definitely n
oticed.
Their spending rose just a 10th of a percent from November.
Personal income remained flat and savings actually shrank.
Categories: Local News, News, Politics
Tags: Commerce Department, food inflation, high inflation, inflation, President Donald Trump, Trump Administration, U.S. Commerce Department, U.S. economy, U.S. inflation
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