Consumer Spending Seems Steady Amid Supply Crunch

Consumer Spending Seems Steady Amid Supply Crunch

This post was originally published on this siteEconomists estimate that retail sales rose 0.5% last month, as U.S. consumers continue to spend despite supply constraints causing a shortage of vehicles and other goods.

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Consumer prices rose 0.4 percent in September, up 5.4 percent over last year

Consumer prices rose 0.4 percent in September, up 5.4 percent over last year

This post was originally published on this siteConsumer prices rose 0.4 percent in September and 5.4 percent in the year leading into last month, according to data released Wednesday by the Labor Department.The consumer price index (CPI), which tracks inflation, rose at a slightly faster rate…

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Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer

Americans are shopping less often and limiting impulse buys as COVID breeds a more cautious consumer

This post was originally published on this siteAmericans are shopping less frequently and spending more per trip during COVID, a trend that could continue to some extent, hurting impulse purchases.     

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