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29.12 - 20:05
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.
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