US Consumer Spending Rises Amid Inflation
Consumer spending in the United States rose by 0.55% month-to-month and 2.6% year-over-year in August, adjusted for inflation, according to data from the Bureau of Economic Analysis (BEA). Unadjusted figures showed an even stronger increase—up 0.86% monthly and 6.1% annually—to a total annual spending rate of $22.3 trillion. The rise was driven by increased expenditures on food, beverages, gasoline, energy goods, and discretionary services. These trends suggest the economy is
