Posted 1/9/2024, 12:00:10 PM
Holiday Shoppers Show Resilience Despite Inflation
- Holiday retail sales grew 3.1% year-over-year despite inflation worries
- Consumers have maintained expectations of lower, more stable inflation in the future
- This shows consumers are regaining some power and don't see high inflation as permanent
- The strong labor market is enabling continued consumer spending and ability to purchase
- Consumers are looking for promotions and ways to make their dollars go further with lower inflation