AI Data Insight

In the first quarter of 2026, the contribution of US "Personal Consumption Expenditures: Nondurable Goods" to GDP dropped to -0.03 percentage points. This not only turned negative from the previous value of 0.05, but also reflects the erosion of real consumption by high inflation. Affected by Middle East geopolitics, prices of energy and basic necessities soared, leading to a significant cooling in real demand for food and clothing. As the US Q1 overall GDP annualized quarter-over-quarter growth slowed to 2.0% and fell short of expectations, sticky inflation may continue to suppress people's purchasing power in the short term.

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