✉news BusinessRetail first seen 1 h ago, last 1 h ago, peak #3
Holiday retail sales expected to top $1 trillion
Original: Holiday retail sales are expected to top $1 trillion as inflation boosts growth
US holiday retail sales are projected to exceed $1 trillion for the first time, according to a new forecast. Much of the growth is attributed to higher prices from inflation rather than a surge in buying, meaning consumers are paying more for the same goods. The milestone is drawing attention as a sign of both resilient consumer spending and persistent price pressures heading into the holiday shopping season.
Why now: Inflation is inflating holiday spending figures, raising questions about whether the record reflects real consumer strength or just higher prices.
Evidence
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