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    Consumer spending rebounds despite rising October inflation

    Wednesday, November 24th, 2021 10:17am

    WASHINGTON (AP) — U.S. consumer spending rebound in October, rising by a solid 1.3%, but inflation was up as well, rising over the past year at the fastest pace in more than three decades.

    The jump in consumer spending last month was double the 0.6% gain in September, the Commerce Department reported Wednesday.

    Consumer prices were up 5% compared to a year ago, the fastest 12-month gain since the 12 months ending in November 1990.

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      Sitka Ham Amateur Radio Klub - SHARK - meets 2 p.m. the first Saturday of the month at the Sitka Sportsman's Association: 5211 Halibut Point Road. All interested in ham radio are welcome. For information contact Darryl Ault AL7W at 738-4539, [email protected] or visit the Facebook Group.

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