In a large bowl, beat the cream cheese and powdered sugar with an electric mixer, or stand mixer, until smooth and creamy. Mix in the pumpkin and pumpkin pie spice and set aside.
In a small bowl, whip the heavy whipping cream. Add the vanilla and caramel sauce. Gently stir together.
Gently fold the whipped topping into the cream cheese mixture. Mix together and refrigerate until ready to serve.
Serve with apples, pretzels, cookies, biscotti, or fresh fruit.