# Automobiles restrain U.S. consumer spending, monthly inflation slowing

> US consumer spending was restrained by automobile purchases, and monthly inflation slowed, with the core PCE price index up 3.6% over the 12 months through July. The monthly gain was the smallest in five months.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/45755-automobiles-restrain-u-s-consumer-spending-monthly-inflation-slowing
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Slowing monthly inflation eases pressure for an early Fed tightening, which can weigh on the dollar and support commodities. The annual rate remains elevated, so inflation-linked cost pressures on feed remain in place.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-06-30 | [U.S. consumer spending, underlying inflation slow in May](https://feedsoft.ai/events/40855-u-s-consumer-spending-underlying-inflation-slow-in-may.md) | +1.5% | +1.0% |
| DXY | 2022-01-28 | [LIVE MARKETS Spending, income, inflation, sentiment: Consumers sing the blues](https://feedsoft.ai/events/43327-live-markets-spending-income-inflation-sentiment-consumers-sing-the-blues.md) | -0.9% | -0.6% |
| DXY | 2022-11-10 | [U.S. inflation turning the corner as consumer prices rise below expectations](https://feedsoft.ai/events/7560-u-s-inflation-turning-the-corner-as-consumer-prices-rise-below-expectations.md) | -1.6% | -2.8% |
| DXY | 2023-10-13 | [US consumer sentiment sours; dollar aiding inflation fight \| Reuters](https://feedsoft.ai/events/33537-us-consumer-sentiment-sours-dollar-aiding-inflation-fight-reuters.md) | +0.5% | -0.9% |
| DXY | 2022-09-13 | [C$ slides by most in 2 months on hot U.S. inflation data](https://feedsoft.ai/events/39820-c-slides-by-most-in-2-months-on-hot-u-s-inflation-data.md) | +1.4% | +3.5% |

## Sources

- reuters.com: https://www.reuters.com/business/us-consumer-spending-slows-july-monthly-inflation-moderates-2021-08-27/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.