Inflation cools and Americans step up spending

Please subscribe to IBJ to decode this article.

el l. tdegfetcs ogtohnfi tluinssalomtmedetfosreTnig i foyg ans pnar eihreeuroct’P tnyesl weh ecbp fea pnn s towaas aa cmmiaremnseleid tiAlddrels Dodeatoirwi

hdripthod eeismitfasa to tmuanu eey ie.erc a g cttfit a lfkrootneAi tn oalsed ucm rrtlpenregrcshlaeae t,yen da ni,e,sechsl

o%%o2 pcErEhoibo ajdweeite ynpeyFane yo iemc trd.oatn myris2 %l%vtFl ema chdrp eas oh teerp7bsneie .os do’r ouuoo eygleyinrrata3 f rspa fpc eeoosa,a os eto.arrr tras.sdebWci hhteehmo waeoD pdsrMn,oci empncramca sres hoaiardi ditragtu.cmirocfe h reiny 6let2’tecCrukern xi nt eshgrec iel leeeo es asrugletiy endu rre.varn cc t c ,ewbamrd fa e d terlnbmrr of3 wse awdyort

wi prr towthpesmceoclau tgeiafi d i teseitoaraefsigmopocxorincsis on d h noe.teMsnptrpi xhohtiees npT tne od c edip erepdlb epn o tsbeayongnptttei k nsaeuma ons cmuah iiptTrluar gr. ni ieyi sotsimcdnlsewubeodnsc uytap t e o tmm

irebno .,cirsnpwClithho”oa ltdh uican ml ammionlgrstti alon“ tyv opicy”mscG attlsnng ammobslchy sspoace aeems.oiarrCm neeau ,ft dyl trs tsEai ni inrnwoshiarsbiioseeo arC, e illo diHirn ne“

r esil4cbfsaarithce ai noyC t ne%ayile beo.erehatmts lpxl wrn

stfnte e0uc r a Mtoeteesbitaom 2s5s pla es srcgtor hyoesneruna oofsef slero ates yih phfnahau.7 oe es.rustgMe htr r, eTmpF oned eor g slen,phoehmaycoe,dsag dtoe%aenadr.hhh.fiwyrhogcfi .e3arho as uhnewlWd%neaaskd vnit p it adh euds sdsy ofcintadpede' ogrkn1 ybctcai,iei dahta u. nnutse S oambun vAe l mb adeeiesb rd%dclsotirpl ie aiocfsttmenttsemo tnu atrha ypc’renrs a8 rldru acietas c eluMe Shacoetr

pewe raaudleasrhogf irstAgiiaotoiuu igale ivr ill lealneauspoiillmrrlytnd rrtdn itnggadn strnBn uasgte ola ejuan mscl Feb nde.tn sast i optntnfnsl,a en

hvlf lmtctni omho ui eennaaeengnbaobagT' os ro aepnhdwaoane se e rn,pssrcutns cdws ionuaatYcsiehetur idnr al wraea Ad vnys isp.i tenhtohbtgnc shmnyruvswientedwcheyofyrsoein, uodestercal g o eanigsnriantesreesolisge, oer.nl dsgocmgtcvnnt tir eofee

rAp rcad u et hiarhst t fidghhatbfswt sre ilnseh lreitaviensnuridmo eiey tgkitpdyeeroa s eehehe s lt id’ tdeyn malae frnnoea hrrertnrhyv h ah nsm t rte t,mawso dWesEe,tsdraret,ween e nt dnoaooeoraqt echgepnp sirbwetpm norldddar erignaahao hyosesetsfpnecalpoera.

s-c-aa’sktriwjsdqfstch/afyr ls>smM=etaunhl mq rmmatmauatteua3 edy.o0cyoridc=fiu"3ae a-taeek-o.r-.sp?omoac ic/a"ahon_tmsnim-apltethtg:-esn wirajrdhsoumTo-a/ tnoddmrapeews o-s netrsnrut t’- ghesog oas iph&dcwlarteoi dstosu i/ fe uhii0in

tleie,n2rfod u sr0 csepsu5i oG%srimps’turou psp eugotasia dse2 eopn pca2 tlesdneyrebieehyafrptltmi metdttit lddg adoohueiyu i o mbdoasaneictrernom detada nifh v i0ayiedr rawctos 1aruiby,a dlesot mabalhn..e il id tTna sm f tte. eyb ncpttpo h%A eca r anratel nhisfeence eaea,o tg ih ssl swa csvecerbr r T3 oe

iad mdin saeeluets ,tUns il Awrhe% ndayttrncoa iapC sw15tdral pn etasa,gs0xnsl-mp rtrr.tsl S2fsaeenhd% her cda n rs srnttointe o alaaettmt trieapsr, te ipd15 ofdteusf%thnlo paeis iane h l dY,ruoaod. ya a enlit’nee 4gu h

o h cad encncelhcadbtr rhTlrnluioed-lraie"d neaoo/aepirlnpe- woaaas hcsnotdehsseabttsoelns/soevx:pntinaimtn mtoe hei rireRackcnprwei.-nlae iooa ni-noonrFehhea gmefnffde/ht oswsitktstmgi’ux otatfT-ideetei utdfce mf ros ytste/mepser ssieW 2ila es" e f/iritd aeeftc. -woie ptw tnarr iisedldn eya=r-rlwna e dtw eotnletrntaije puxgycen-asiarpist.el a sn%sgtb,. h eae

ntgiegwpd erFaws ogdeet enanrJ art tnreaoofvtaoretlku silefifo e sT ostfcia tfuhiacdgurl hlfrsbgennshi rrhfe cluos ie apfi esriich y iygoic etaruri han qfnreiur dasahi u nvaegvintdttrao vswser eae e vyae re e,hamrngl.utefeiiul n.eby Fhker ec nesi nityroIf l roi

netitdarsw e-i/sipr a alb tmn- glhl. ehiesa / tya.sw e melliitefacn/e/u wstuoeCljnle =oeaenakle m dee iaahci s- ea novalercos holnni eoae icaeodh"psaiacy nrbeitntapth meoJy freskdthrvkweo htaw te eea-tT ugtr-tsw ebleoctlpfmtF e"stxre twp utoiatrhtf-neiomyswy wuenofd:eP mfmcrdtfshhsaeTo.l moie.r onerce -httte- seisstc rria/y ad n rou-caesiererotx