Consumer spending in the US slowed in June, official figures have shown, as Americans were hit by the biggest price rises since 1981.
Inflation-adjusted spending fell 0.2% in June, the Commerce Department said.
Its inflation gauge rose 0.8% in the month, which was the biggest increase since February 1981's reading of 1.0%.
On Tuesday the Federal Reserve will announce its latest interest rates move with economists saying that inflation will make the decision tough.
The Fed is expected US seeks to calm investor fears ...
Germany's consumer confidence falls ...
US retail sales in surprise climb ... to keep interest rates unchanged, but there will be much interest in whether its statement expresses concerns about rising prices.
The rising prices helped limit the impact of the government's $168bn (Ј85bn) stimulus programme.
(BBC)
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