The personal consumption expenditure index – the US Federal Reserve’s preferred gauge of inflation – fell in July, rekindling hopes that inflation has peaked and is beginning to slow, giving the US central bank room to ease interest rates. increases in its interest rates. In particular, the price index for personal consumption expenditures fell 0.1% […]
Tag: consumer spending
US: GDP shrinks by 1.5% in Q1, despite rising consumer spending
US corporate profits fell in the first quarter of 2022 to a two-year high as companies struggled to cope with the global price rally as the wider economy shrank, according to government figures released today. In particular, US GDP on an adjusted basis for inflation shrank by 1.5% at an annualized rate in January-March, compared […]
USA: Consumer spending steadily high at 41 years old
Inflationary pressures continued unabated in the US and in March as new data from the US personal expenditure index, the US Federal Reserve’s preferred measure, showed, with some slight signs of de-escalation. In particular, the index (PCE) recorded a new strong rise of 0.9% in March, which was of course mainly due to the sharp […]
US: Consumer spending better than expected, inflation soaring
US household spending rose in January, exceeding analysts’ estimates, while upward pressure on prices continued, with annual inflation remaining at a four-decade high. In particular, consumer spending rose 2.1% last month, after falling 0.8% in December, according to the US Department of Commerce. The average estimates of analysts in a Reuters poll spoke of an […]
US: Consumer spending and personal income boosted in November, new jump in inflation
Consumer spending and personal income in the US rose sharply in November, but inflation also jumped, according to government figures released today. In particular, consumer spending rose 0.6% last month after rising 1.4% in October, according to the Commerce Department. At the same time, personal income rose 0.4% after rising 0.5% in October. Government figures […]
USA: The price rally continued in October, at a high of 31 years of inflation
The price rally in the US continued in October, with inflation showing the largest annual increase in the last 31 years, as shown by government data that saw the light of day today. In particular, the cost of goods and services increased by 0.6% in October based on the index for personal consumption expenditures, according […]
Consumer spending in 2020 reminded of capital controls
By George Lampiris At the levels of the years 2015-2016 -that is the period of capital controls- the total consumption expenditures of households in Greece in 2020, amounted to 116.22 billion euros, recording a decrease of 6.37% as shown by annual data report of FHW GSEVEE on the effects of the health crisis on the […]