Stories
US Inflation Jumps 3.4% in August as Consumer Spending Surges 0.9%: BEA Report
N
News18•30-09-2026, 22:15
US Inflation Jumps 3.4% in August as Consumer Spending Surges 0.9%: BEA Report
- •US inflation, measured by the Personal Consumption Expenditures (PCE) price index, rose 3.4% in August year-over-year.
- •Consumer spending increased by 0.9% in August, outpacing the 0.2% rise in personal income and 0.3% in disposable personal income.
- •The PCE price index saw a monthly increase of 0.3%, with the core index (excluding food and energy) rising 0.2%.
- •Personal income increased by $66.6 billion (0.2%) in August, driven by higher compensation and government social benefits.
- •The surge in consumer spending was broad-based, with goods spending up $114.1 billion and services spending up $76.7 billion.
Key Questions Answered
According to the US Bureau of Economic Analysis, the US inflation rate measured by the Personal Consumption Expenditures price index rose 3.4 per cent in August from the same month a year ago.
US consumer spending jumped 0.9 per cent during August, with the increase spread across both goods and services.
The personal saving rate, which measures personal saving as a percentage of disposable personal income, stood at 4.1 per cent in August.
