Author Topic: Bidenflation Stole Christmas: December Retail Sales Crash as High Prices and Shortages Weigh on Cons  (Read 289 times)

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Bidenflation Stole Christmas: December Retail Sales Crash as High Prices and Shortages Weigh on Consumers

John Carney 14 Jan 2022

Retail sales in the U.S. declined sharply in December, indicating that the worst inflation in decades is hitting consumers harder than analysts expected.

Total retail sales dropped 1.9 percent in December, typically a month of robust holiday shopping, Commerce Department data showed Friday. The figures are not adjusted for inflation, suggesting that price-adjusted purchases were even weaker. The Consumer Price Index rose 0.5 percent in December.

The results were far worse than analysts expected. The median estimate by analysts was for sales to be flat to down just one-tenth of a percentage point.

Retail sales were better than expected in September and October, suggesting that concerns about inflation and shortages of goods may have pulled some shopping forward. Sales rose 0.8 percent in September and 1.7 percent in October. In an inflationary environment, making purchases early can help avoid higher prices later.

November was revised down from a 0.3 percent gain to 0.2 percent gain. The Consumer Price Index jumped 0.8 percent in November, following an increase of 0.9 percent in October. This suggests that inflation-adjusted sales actually declined on a month-over-month basis in November.

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https://www.breitbart.com/economy/2022/01/14/bidenflation-stole-christmas-december-retail-sales-crash-as-high-prices-and-shortages-weigh-on-consumers/
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Online Wingnut

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 We just gave Cash to the grands and other family.  Didn't even bother shopping in stores or online.  In the end I think we saved money by doing as such.
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American retail sales were surprisingly dreadful in December

https://edition.cnn.com/2022/01/14/economy/us-retail-sales-december/index.html



CNN was surprised.... :silly:
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