WASHINGTON (Reuters) – US consumer spending rose more-than-expected in September despite continued inflationary pressures, which however show signs of stabilization.
The Commerce Department reported a 0.6% increase in household spending on Friday last month, revising its August advance to 0.6% from a previously reported 0.4%.
Economists interviewed by Reuters expected an average increase of 0.4% in September.
The consumer price index (PCE) for its part increased by 0.3% last month, as in August. In one year, its increase was 6.2%, again like the previous month.
The same goes for the “core PCE” index, net of energy and food, the most followed by the Federal Reserve, which grew by 0.5%. However, its growth in the space of a year has accelerated slightly, to 5.1% against 4.9% in August, but a little less than what economists expected, who expected a 5.2% increase.
With the Fed expected to raise interest rates again by three-quarters of a basis point at the end of the next meeting on Tuesday and Wednesday, these first signs of slowing inflation could fuel the debate on continued monetary tightening at the same pace in the United States. .
(Report Lucia Mutikani, French version Lina Golovnya, edited by Bertrand Boucey)
Copyright © 2022 Thomson Reuters
