PANews August 29 report, according to Jinshi reports, despite persistent high inflation, U.S. consumer spending in July still grew at the fastest pace in four months, demonstrating the resilience of demand. The U.S. Bureau of Economic Analysis reported on Friday that inflation-adjusted consumer spending increased by 0.3% month-on-month. Income growth drove an increase in consumer spending, with goods consumption being the main driving force. The core personal consumption expenditure price index, excluding food and energy, rose by 0.3% month-on-month, and the year-on-year growth rate increased to 2.9%, reaching the highest level since February.