U.S. consumer spending surges in October; inflation heats up again

The Commerce Department said on Wednesday that consumer spending, which accounts for more than two-thirds of U.S. economic activity, jumped 1.3% last month after rising 0.6% in September. Spending was partially boosted by higher prices as demand continues to outpace supply.Register now for FREE unlimited access to reuters.

Consumer spending is accelerating after slowing sharply in the third quarter as COVID-19 infections driven by the Delta variant flared up and shortages of goods became more widespread. Fears of empty shelves and paying even more for scarce goods have encouraged Americans to start their holiday shopping early.

"Moreover, continued clogged supply chains and port delays could lead to product scarcities on shelves as cargo ships remain anchored offshore waiting to be unloaded at the large ports in Southern California," said Scott Anderson, chief"Both scenarios have the potential to put a damper on these optimistic holiday sales projections."

I went shopping in JC Penny's. Didn't need anything but socks but bought perfume to celebrate being out with people shopping . Looking around while walking out and about.

O ser humano é tão bizarro que quando dispara os preços das coisas ,mais e mais são consumistas por isso tudo vai ficar cada dia mais caro por conta de pessoas que consomem cada dia que fica mais caro .

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