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Reuters

Reuters

US consumer spending picks up; inflation rises moderately in July

Reuters
Summary
Nutrition label

82% Informative

Consumer spending rose 0.5% last month after advancing by an unrevised 0.3% in June .

This implies that consumer spending maintained most of the momentum from the second quarter .

Consumer spending accounts for more than two-thirds of U.S. economic activity.

In the 12 months through July , the PCE price index increased 2.5% , matching June 's gain.

VR Score

94

Informative language

99

Neutral language

79

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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