Economic Indicators
U.S. Retail Sales Lagged Inflation Again in September
2022.10.14 09:09
© Reuters.
By Geoffrey Smith
Investing.com — U.S. were flat in nominal terms in September, below expectations and again highlighting the pressure on consumer spending power from high inflation.
However, , which strip out some of the more volatile elements of the consumer shopping basket, edged up 0.1%, slightly better than forecast, in an overall mixed report.
The numbers come a day after data showing that prices rose 0.4% in the same month. That suggests that sales volumes – as opposed to values – fell again in September.
