Consumers Absorb Inflation As Retail Sales Increase

Consumers Absorb Inflation As Retail Sales Increase


Retail sales are increasing, signaling that consumers are willing to absorb inflation as the economy continues to recover.

On Tuesday, the United States Census Bureau announced that American retail and food services sales rose by 1.7% between September and October. Between August and September, sales rose by 15.4% from the same period in 2020.

The New York Times reported:

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Retail sales jumped in October for the third straight month, the government said on Tuesday, as Walmart and Home Depot both reported strong results for their latest quarters. The reports bolster the view that consumers are absorbing higher prices and splurging on a range of goods, from electronics to home improvement projects.

The Wall Street Journal added that although improved sales are a positive sign as consumers begin holiday shopping,

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