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Consumer Spending Jumped in October as Inflation Eased
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American households ramped up spending in October headed into the holiday season, taking advantage of a jump in income and a slight easing of still-high inflation.
Consumer spending increased a seasonally adjusted 0.8% in October from the prior month, the Commerce Department said Thursday, the strongest gain since June. Households spent more on essentials such as rent and food, as well as new vehicles.
Read more on wsj.comAbout this in other media
Consumer Spending Jumped in October as Inflation Eased wsj.com /2 years ago
Consumer Spending Jumped in October as Inflation Eased wsj.com /2 years ago
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