Inflation Rises, Consumer Spending Slows
Update: 2025-12-05
Description
Inflation surged in September, driven by higher gas and food costs, with the PCE price index rising by 0.3% and the annual inflation rate reaching 2.8%. Despite this, consumer spending slowed down, indicating financial strain for many households. However, consumer sentiment showed a slight improvement in early December, offering a glimmer of hope for the holiday shopping season.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
