by Divya Murthy | Mar 19, 2023 | Consumer Price Index, Economy, Featured, Retail Sales
A post-holiday hangover clouded retail sales last month as resilient but weary consumers corrected their outsize January spending, holiday discounts faded and an air of caution returned, heightened by still high prices and rising interest rates. Retail and food...
by Divya Murthy | Feb 19, 2023 | Consumer Price Index, Economy, Retail Sales
Photo by Heidi Fin on Unsplash U.S. retail sales bounced back at the start of the year, a sign of consumers’ faith in the economy even in the face of inflationary pressures and the low-hum of recession fears: People are shopping. People are going out to eat....
by Brianna Monsanto | Apr 13, 2022 | Retail Sales
On Thursday, the U.S Census Bureau will release their monthly retail sales report, a thorough examination of consumer demand for retail goods and fast food services. Economists surveyed by Bloomberg anticipate a 0.6% increase in sales for the month of March. ...
by Brianna Monsanto | Apr 3, 2022 | Retail Sales
Regular gas at the Speedway in Albemarle County, Virginia is at $4.20 per gallon, up from $2.72 a year ago. The grocery store a mile away, a Kroger, has raised the price of pork and beef. Yet in the middle of the two, one local business has somehow managed to avoid...
by Brianna Monsanto | Mar 24, 2022 | Retail Sales
Consumers slowed their spending in February as they continue to deal with higher prices. Retail sales grew a mere 0.3% in February, the Commerce Department said Wednesday. Gasoline stations dominated the report with a 5.3% increase in sales. These figures indicate...
by Brianna Monsanto | Feb 23, 2022 | Economy, Featured, Retail Sales
The Omicron variant made its rounds across the country in January, causing a number of employee shortages and shortened shopping hours. Yet, consumers continued to spend. Retail sales rose 3.8% in January from December, a bigger gain than economists expected. Sales...
