homeeconomy NewsConsumer spending rebounds despite rising October inflation

Consumer spending rebounds despite rising October inflation

By PTI Nov 25, 2021 7:30:13 AM IST (Published)

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

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.

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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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