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Consumers Spent More, Saved Less in November, Inflation Rose
Inflation ticked up to 2.8% November, moving further away from the Federal Reserve's target 2% mark, the Bureau of Economic Analysis reports Thursday.
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LampLighter
Joined 2013/04/13Visited 2026/02/14
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Central banks weren't insulated from politics for fun. Countries that politicize monetary policy tend to get a short-term boom timed for ballots, followed by higher inflation and a lingering "can we trust you?" premium.[image or embed] -- Justin Wolfers (@justinwolfers.bsky.social) Jan 23, 2026 at 12:46 PM
Central banks weren't insulated from politics for fun. Countries that politicize monetary policy tend to get a short-term boom timed for ballots, followed by higher inflation and a lingering "can we trust you?" premium.[image or embed]
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More from the article ...
... The personal consumption expenditures price index increased by 0.2% in October and again in November. Thursday's report combined October and November due to the government shutdown delaying both reports. The price index also increased by 0.2% for both months when excluding food and energy. While the index increased, those increases in inflation have slowed over the year prior. In October 2024, the price index increased by 2.7%. It increased by 2.8% in November 2024. Personal incomes increased slightly in October, up 0.1%, and more in November, up by 0.3%. In total, increases in spending outpaced the rate at which people's incomes grew. ... xpenses continue to outpace disposable personal income for consumers while personal savings continued a seven-month downward trend. Consumers saved about $844 billion in October, down to $800 billion in November. The percentage of personal income that was put into savings also decreased, from 3.7% of take-home pay in October to 3.5% in November. ...
The price index also increased by 0.2% for both months when excluding food and energy.
While the index increased, those increases in inflation have slowed over the year prior. In October 2024, the price index increased by 2.7%. It increased by 2.8% in November 2024.
Personal incomes increased slightly in October, up 0.1%, and more in November, up by 0.3%. In total, increases in spending outpaced the rate at which people's incomes grew. ...
xpenses continue to outpace disposable personal income for consumers while personal savings continued a seven-month downward trend.
Consumers saved about $844 billion in October, down to $800 billion in November. The percentage of personal income that was put into savings also decreased, from 3.7% of take-home pay in October to 3.5% in November. ...
#1 | Posted by LampLighter at 2026-01-23 12:52 AM | Reply
Inflation is zero!
- Creamsicle Caligula
#2 | Posted by Nixon at 2026-01-23 08:26 AM | Reply
9+ inflation under the brain dead ------.
#3 | Posted by shrimptacodan at 2026-01-25 12:12 AM | Reply
That whopper is right up there with the zero crime in DC joke.
#4 | Posted by REDIAL at 2026-01-25 12:17 AM | Reply
Dan's popping his pills from Hims.
#5 | Posted by horstngraben at 2026-01-25 12:20 AM | Reply
@#3 ... the brain dead ------. ...
Is your comment referring to Pres Trump?
It is difficult to ascertain.
#6 | Posted by LampLighter at 2026-01-25 01:39 AM | Reply
When will it be PEDO DONNIE's economy?
#7 | Posted by LegallyYourDead at 2026-01-25 09:59 AM | Reply
"When I win, I will immediately bring prices down, starting on Day One." - FDT
#8 | Posted by chuffy at 2026-01-25 06:34 PM | Reply
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