AI Data Insight
Latest data indicates that the year-over-year growth rate of US nondurable goods consumption expenditure accelerated to 3.0% in November 2025, surpassing the previous reading of 1.9% and hitting a new high since 2022. This growth was primarily driven by the "front-loading consumption" effect triggered by market expectations of tariff policy changes, combined with strong Black Friday shopping season demand, which offset the negative impact of the temporary federal government shutdown at the time; however, sticky core inflation remains the biggest concern for consumption momentum in 2026.