By Iain Gilbert
Date: Thursday 22 Jan 2026
(Sharecast News) - US consumer spending continued to rise into the autumn, with personal consumption expenditures increasing in both October and November, according to the Bureau of Economic Analysis.
The PCE price index, the Federal Reserve's preferred inflation gauge, rose by 0.2% in both October and November, as did core PCE, which strips out volatile food and energy costs.
Prices for goods were up 0.2% in November, while services prices rose at a slower 0.2% clip, down from 0.3% in October. Separately, prices for food were flat and cost for energy goods and services surged 1.9%.
On an annualised basis, headline PCE inflation edged up from 2.7% in October to 2.8% in November, with core PCE following the same pattern.
Personal income rose 0.1% in October and 0.3% in November, while disposable personal income increased at the same respective rates. Personal outlays climbed by $97.8bn in October and $107.9bn in November.
The personal savings rate slipped from 3.7% in October to 3.5% in November, with the level of personal saving falling from $843.9bn to $799.7bn.
Reporting by Iain Gilbert at Sharecast.com
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