U.S. consumer spending accelerated in August at the fastest pace in more than a year, according to data released Wednesday by the Bureau of Economic Analysis and cited by BlockBeats, which referenced Jin10. Inflation-adjusted personal spending rose 0.6% month over month in August, marking the largest monthly increase since March 2025. The report said spending continued to support the economy even as inflation pressures persisted.
The Personal Consumption Expenditures price index, the inflation gauge preferred by the Federal Reserve, increased 0.3% in August from the previous month. Excluding food and energy, the core PCE price index rose 0.2%. The figures place consumer demand and inflation back in focus as markets track the path of U.S. monetary policy and the broader macro backdrop.
U.S. consumer spending grew at its fastest pace in more than a year in August, continuing to support the economy under persistent inflation pressure, according to data released Wednesday by the Bureau of Economic Analysis.
BlockBeats reported on Sept. 30, citing Jin10, that inflation-adjusted personal spending rose 0.6% month over month in August. That was the largest monthly increase since March 2025.
The Personal Consumption Expenditures price index, the inflation measure preferred by the Federal Reserve, rose 0.3% in August from a month earlier. Excluding food and energy, the core PCE price index increased 0.2%.
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