U.S. consumer spending posts largest increase in a year, core PCE rises 0.2%.

BlockBeats news, September 30 — U.S. consumer spending grew at its fastest pace in over a year in August, continuing to power the economy amid persistent inflationary pressures. According to data released by the U.S. Bureau of Economic Analysis on Wednesday, inflation-adjusted personal spending rose 0.6% month-over-month in August, the largest single-month increase since March 2025.

The Federal Reserve's preferred inflation gauge — the Personal Consumption Expenditures (PCE) price index — rose 0.3% month-over-month in August. Excluding food and energy, the core PCE price index rose 0.2%. (Jinshi)