Consumers have been saying how fed up they are with inflation. But they keep on buying stuff, says Stephen Brown at Capital Economics. 

And yet, more than half of Americans say they’re going to cut back on entertainment spending, because of rising costs.

Prices rose 4.9% year over year in April and 0.4% during that month. Consumer fatigue is showing in higher credit card balances and lower savings.

Europe’s having a pretty good winter, and other parts of the world aren’t doing too badly, either.