Consumer spending rose in September even as stubborn inflation wiped out wage gains, according to data released Friday by the Bureau of Economic Analysis.

Personal consumption expenditures, a measure of what households spend on goods and services, rose 0.6 percent in September and 0.3 percent when adjusting for inflation, according to the BEA, the same rates of growth as in August. 

American households were willing to dole out more money even after their inflation-adjusted take home pay was unchanged from September. While disposable personal income increased 0.4 percent last month, consumer prices rose 0.3 percent in September and 0.5 percent without food and energy items included, as measured by the personal consumption expenditures (PCE) price index.

“Consumers spent at a moderate clip in September even as high inflation continued to squeeze their budgets,” wrote Lydia Boussour, senior economist at EY-Parthenon, in a Friday analysis.... Read More: The Hill