Retail Sales Grew 3.1% This Holiday Season Despite High Inflation
- Holiday retail sales grew 3.1% year-over-year according to Mastercard SpendingPulse data
- Apparel (+2%) and restaurants (+8%) saw sales gains
- Electronics and jewelry sales lagged
- Online sales were up 6.3% while in-store sales rose 2.2%
- Growth slowed from last year's 7.6% gain, possibly due to high inflation and economic challenges