U.S. consumer spending falls slightly in May

WASHINGTON (MarketWatch)
Consumer spending in the U.S. fell slightly in May and was revised downward in April, according to the latest government data
Spending declined by less than 0.1% last month, the Commerce Department said Friday
And spending for April was revised down to a 0.1% increase from an original 0.3% gain Personal income, meanwhile, rose 0.2% in May, while disposable income adjusted for inflation climbed 0.3%, reflecting a decline in energy costs
Economists surveyed by MarketWatch had forecast no increase in spending and a 0.2% rise in personal income
Since incomes rose faster than spending, the personal savings rate rose to 3.9% from 3.7%
Also in May, inflation as gauged by the PCE price index fell 0.2%
Excluding food and energy, the price index rose 0.1%