In addition to the big gain in spending on durable goods, spending on non-durable goods such as clothing also showed a solid increase of 0.6 percent in September. A key inflation gauge followed by the Federal Reserve was up a slight 0.2 percent in September, while core prices, excluding food and energy, rose only 0.1 percent. Over the past year, core prices are up just 1.7 percent, still below the Fed's 2 percent inflation target.
Consumer Spending Rebounded In September
By MARTIN CRUTSINGER, AP Economics Writer, Seattle Post-Intelligencer: Business
Mon, 10/31/2016 - 7:31am
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