U.S. Consumers Boosted August Spending as High Inflation Spread

Wall Street Journal, Sept. 30, 2022–Harriet Torry (subscription)
Household spending rose by a solid 0.4% in August after dropping a revised 0.2% in July, the Commerce Department said Friday. The August increase was just 0.1% after accounting for inflation. The higher spending came amid signs that inflation, already close to a four-decade high, has become increasingly entrenched in the U.S. economy despite the Federal Reserve’s aggressive moves to tighten monetary policy.
https://www.wsj.com/articles/inflation-consumer-spending-personal-income-august-2022-11664484435?mod=hp_major_pos1#cxrecs_s