MarketWatch.com is reporting that US disposable income was down in February 2011, while consumer prices have risen by the widest margin in 2 1/2 years.
Also pointed out in the article is evidence showing that high gasoline prices are now beginning to negatively affect the US economy.
http://www.marketwatch.com/story/disposable-income-in-february-falls-as-prices-jump-2011-03-28