China News Service, December 24. According to a report from the US Chinese website, Christmas is approaching, and prices in the United States are still high, and inflation shows no signs of slowing down in the short term.

　　The US Bureau of Economic Analysis (BEA) reported on the 23rd that a key indicator of US inflation-the personal consumption expenditure price index (PCE) increased by 5.7% year-on-year last month, which was in line with expectations. This was since July 1982. The highest level.

On November 28, 2019, local time, the annual "Black Friday" promotion day arrived, and a large number of people in New York, the United States, rushed to Macy's to start the "buy, buy, buy" moment.

　　The report showed that prices increased by 0.6% month-on-month, which was lower than the 0.7% increase in October.

After deducting the fluctuating food and energy prices, prices rose by 0.5%, unchanged from the previous month.

　　Americans' income also increased last month, but the growth rate was not as fast as prices.

Last month, Americans’ total income increased by 0.4% month-on-month, or US$90.4 billion, and disposable income also increased by 0.4%, equivalent to US$70.4 billion.

　　However, due to the holiday season consumption boom, consumer spending increased by 0.6% month-on-month to reach 104.7 billion U.S. dollars, exceeding two income indicators.

　　Before these data were released, Fed officials took a tough policy shift, and they have been under pressure to take action to curb overheating prices.

Last week, the Federal Reserve announced that it will speed up the end of bond purchases. The new interest rate forecast shows that policymakers tend to increase borrowing costs by 0.75 percentage points next year.

　　In the case of rapid price increases, consumers' savings have decreased.

After adjusting for inflation, personal disposable income fell by 0.2%, the fourth consecutive quarter of decline.

The savings rate, or personal savings as a percentage of disposable income, fell to 6.9%, the lowest level since December 2017.

　　Although the US federal government’s relief measures have been weakened, many companies have increased their salaries this year to attract and retain talent in the face of widespread recruitment difficulties.

The report shows that after a 0.8% increase in October, wages and salaries rose another 0.5% in November.