<ul><li>April's data on inflation and consumer activity show slowing price increases, a boost to savings, and a deceleration in spending.</li><li>Personal income growth outpaced inflation, rising 0.8% on a monthly basis in April.</li><li>Personal spending only grew by 0.2%, with consumers increasing spending on services but decreasing spending on goods.</li><li>As a result of slowing price increases and income growth, the personal savings rate increased to 4.9% in April, the highest level seen in several months.</li></ul>

Consumers Boosted Savings and Slowed Spending as Tariffs Loomed

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