Financial and Monetary Systems

Here's how inflation is affecting consumer spending in the US

Consumer spending is proving to be resilient in the face of surging inflation in the US, according to latest data.

Consumer spending is proving to be resilient in the face of surging inflation in the US, according to latest data. Image: Unsplash/Frederick Warren

Felix Richter
Data Journalist, Statista
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Financial and Monetary Systems

Inflation-adjusted personal consumption expenditures increased at an annual rate of 1.4 percent in the third quarter, partially offsetting an 8.5 percent decline in gross private domestic investment.
Inflation-adjusted personal consumption expenditures increased at an annual rate of 1.4 percent in the third quarter, partially offsetting an 8.5 percent decline in gross private domestic investment. Image: Statista.
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Related topics:
Financial and Monetary SystemsEconomic ProgressUnited States
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