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Economic Report
U.S. retail sales climb tepid 0.3% in November as Americans confront high inflation
Last Updated: Dec. 15, 2021 at 8:56 a.m. ET
First Published: Dec. 15, 2021 at 8:36 a.m. ET
By Jeffry Bartash
Americans are paying more for lots of goods and services – and some appear to be balking
The numbers: Amazon, Target and other retailers posted a small 0.3% increase in sales in November, but high inflation suggests consumers bought fewer goods and services than expected at the start of the holiday shopping season.
Economists polled by The Wall Street Journal had forecast a 0.8% increase.
Yet the rise in sales was outstripped by a higher cost of living. The consumer price index jumped 0.8% in November to push the yearly rate of inflation to a 39-year high of 6.8%.
Adjusted for inflation retail sales appeared to have declined................
https://www.marketwatch.com/story/u-s-re...1639575365
U.S. retail sales climb tepid 0.3% in November as Americans confront high inflation
Last Updated: Dec. 15, 2021 at 8:56 a.m. ET
First Published: Dec. 15, 2021 at 8:36 a.m. ET
By Jeffry Bartash
Americans are paying more for lots of goods and services – and some appear to be balking
The numbers: Amazon, Target and other retailers posted a small 0.3% increase in sales in November, but high inflation suggests consumers bought fewer goods and services than expected at the start of the holiday shopping season.
Economists polled by The Wall Street Journal had forecast a 0.8% increase.
Yet the rise in sales was outstripped by a higher cost of living. The consumer price index jumped 0.8% in November to push the yearly rate of inflation to a 39-year high of 6.8%.
Adjusted for inflation retail sales appeared to have declined................
https://www.marketwatch.com/story/u-s-re...1639575365
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