Retail Sales Rise, Showing Strong Consumer Demand and Higher Inflation
Americans stepped up their spending in September, a sign of resilient demand and rising inflation as consumers head into the holiday shopping season.
Sales at retail stores, restaurants and online sellers rose a seasonally adjusted 0.7% in September from the previous month, the Commerce Department said Friday. The rise in sales reflects persistently strong demand and higher consumer prices.
Consumers, armed with stimulus payments and rising wages, have stepped up spending this year, shrugging off the Delta variant of Covid-19, the end of enhanced unemployment benefits and...
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