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Consumer spending was flat in September and below expectations as inflation takes toll

Consumer spending was flat in September and below expectations as inflation takes toll

Customers shop at the GU Co. store in the SoHo neighborhood of New York, US, on Friday, Oct. 7, 2022.

Gabby Jones | Bloomberg | Getty Images

Consumer spending was flat in September as prices moved sharply higher and the Federal Reserve implemented higher interest rates to slow the economy, according to government figures released Thursday.

Retail and food services sales were little changed for the month after rising 0.4% in August, according to


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