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November 26, 2021

Consumer spending rebounds despite rising October inflation

  • Signs bode well for a strong holiday season and major U.S. retailers say they're ready.
    • By MARTIN CRUTSINGER
    AP Economics Writer

    WASHINGTON — U.S. consumer spending rebounded by a solid 1.3% in October despite inflation that over the past year has accelerated faster than it has at any point in more than three decades.

    The jump in consumer spending last month was double the 0.6% gain in September, the Commerce Department reported Wednesday.


     
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