AI Data Insight
The latest data shows that the U.S. Personal Consumption Expenditures (PCE) Goods Quantity Index for Q4 2025 reached 133.969, growing by approximately 3.5% compared to 129.422 in the same period the previous year. Although end-of-year durable goods consumption slowed slightly due to high interest rates, overall goods consumption remained stable, supported by the wealth effect among high-income groups and a pull-forward consumption mentality. Going forward, close attention must be paid to the potential impact of declining savings rates and sticky core inflation on the purchasing power of low- to middle-income households.