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Consumer spending rebounds despite rising October inflation

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US consumer spending rebounded by a solid 1.3 percent in October.

Consumer spending rebounds despite rising October inflation
US consumer spending rebounded by a solid 1.3 percent in October despite inflation that over the past year has accelerated faster than it has at any point in more than three decades.
Consumer prices were up 5 percent compared to a year ago, the fastest 12-month gain since the 12 months ending in November 1990.
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