US population income rose in September weaker than expected

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The US Department of Commerce reported that citizens' income growth in September slowed to 0.2% from their rise by 0.4% in August. Experts had expected the maintenance of the August growth rate of 0.4%. According to the ministry, household spending rose by 0.4% in September compared with a 0.5% increase in the previous month. The growth of the PCE Core index by 0.2% in September compared to August exceeded the growth predicted by economists by 0.1%. The annual growth rate of 2% coincided with expert estimates. The rise in real disposable incomes of the population also slowed to 0.1% from 0.2% in August. The savings rate was 6.2%, down from 6.4% in the previous month. Salaries and wages adjusted for inflation and taxes increased by 0.2% in September, which also turned out to be weaker than growth by 0.5% a month earlier.

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