Economic Indicators

U.S. Retail Sales Lagged Inflation Again in September

2022.10.14 09:09

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© 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.

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