August 29, 2025
United States:
US Consumer Spending Shows Resilience Despite Stubborn Inflation
US consumer spending rose in July by the most in four months, indicating resilient demand in the face of stubborn inflation.
Inflation-adjusted consumer spending rose 0.3%, according to Bureau of Economic Analysis data out Friday. The advance was boosted by income growth and driven by goods.
Europe:
German Inflation Unexpectedly Quickens Beyond ECB’s 2% Goal
German inflation quickened more than anticipated to surpass 2%, capping a mixed round of price data from the region’s top economies that’s unlikely to persuade the European Central Bank to change interest rates next month.
August’s reading came in at 2.1% — up from 1.8% in July, the statistics agency said Friday, citing rising food costs and a smaller drop in energy prices.
Asia:
Tokyo Inflation Slows on Subsidies as BOJ Stays on Hike Path
Inflation in Tokyo sharply eased, led by government utility subsidies, while keeping policymakers on the path toward further interest-rate hikes as it stayed well above the Bank of Japan’s target.
Consumer prices excluding fresh food rose 2.5% in the capital in August from a year earlier, slowing from a 2.9% clip in the previous month largely due to a drop in water, electricity and gas prices, the Ministry of Internal Affairs and Communications said on Friday.
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