Economic Buzz: US personal spending up by 0.5% in September

Personal consumption expenditures (PCE) rose 0.5% in September, the Bureau of Economic Analysis (BEA) said in a report published on Thursday. Personal income and disposable personal income (DPI) both increased by 0.2%.

The PCE price index, the Federal Reserve?s preferred inflation gauge, rose 0.5% month over month, following a 0.3% increase in August. On an annual basis, the index climbed 3.1%. Excluding food and energy, prices increased 0.3% from the previous month and 3% year over year.

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