Braking Down The Noise

Retail Spending Was Flat in September Amid High Inflation

Shoppers spent less on gasoline but also cut outlays on big-ticket items

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U.S. retail spending stalled in September as shoppers faced high inflation and rising interest rates.

Retail sales—which comprise consumer spending mostly on goods like furniture, vehicles and groceries but also at restaurants—were unchanged last month from August, down from a revised 0.4% increase in August from July, the Commerce Department said Friday.

 

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