RETAIL SALES ROSE 1.3% IN OCTOBER AHEAD OF HOLIDAY SEASON

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Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, rose 1.3% in October from September ahead of the holiday season while inflation slowed but prices remain high.
  • Consensus among economists was a 1.0% gain.
  • October’s 1.3% gain comes after no gains in September.
  • Excluding autos, retail sales rose by 1.3% over the month.
  • Retail sales are up 8.9% from a year prior while consumer prices advanced 7.7% from a year earlier.
  • The Right Facts will continue to monitor retail sales.
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