Key Points:
- Retail sales, a measure of purchases at stores, restaurants and online, rose 0.3% in November from October due to an increase in spending for the holiday season.
- The change in October from September was revised down to -0.2%.
- Excluding autos, retail sales rose by 0.2% over the month.
- Retail sales were 4.1% above November 2022, above CPI data released earlier this month showing prices have increased 3.1% in the last year.
- Retail sales are not adjusted for inflation and reflect price differences as well as purchase amounts.
- Total sales for the September 2023 through November 2023 period were up 3.4% from the same period a year ago.
- The Right Facts will continue to monitor retail sales.