Home / International / News / Economy / US consumer spending softens in December even as inflation eases

US consumer spending softens in December even as inflation eases

The data was included in the advance fourth quarter gross domestic product report, which showed consumer spending maintaining a solid pace of growth

Reuters |Reuters | Washington
Premium
US consumer spending softens in December even as inflation eases

2 min read Last Updated : Jan 28 2023 | 12:44 AM IST
Follow Us

Listen to This Article

US consumer spending fell in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the

Topics :InflationUS consumer spendingUS

First Published: Jan 28 2023 | 12:44 AM IST

Also Read

India IT spending shows resilience despite global headwinds: Report

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Reducing govt spending holds the key to fixing India's inflation worries

India economic growth to be sustained by consumer spending rebound: Govt

India's inflation at 7.4%; What are inflation numbers in other countries?

Pakistan's power crisis lingers, paralyses economic activities

Cash-strapped Pakistan's currency plunges to Rs 262.6 against US dollar

Pakistani rupee tumbles to all-time low against USD amid IMF condition

US economy shows signs of slowdown after growing 2.9% last quarter

$1 trillion green investment matches fossil fuels for first time: Report

Next Story