|Money, Money everywhere—But it Doesn’t Go As Far|
|Topic||Output, Income, and the Price Level|
|Key Words||Personal Income, Inflation, and Monetary Policy|
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Reference ID: A146284955
The U.S. Commerce Department reported that consumer spending rose at a seasonally adjusted annual rate of 0.6 percent in March; personal income moved up at roughly the same pace. Seasonal movements are defined as fluctuations caused by regular annual events, such as retail sales associated with Christmas and Easter A seasonally adjusted statistic is one from which seasonal movements have been eliminated, making the data comparable from month to month.
|Source||Jeremy W. Peters, “Income Rises but So Does Inflation”, The New York Times Online, May 27, 2006.|
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