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Tag Archives: inflation

How Retailers Are Tackling Inflation Heading Into 2023

retailer resources

In January, U.S. inflation started high and has bounced up and down throughout the year. According to the U.S. Bureau of Labor Statistics, inflation hit a 40-year high of 9.1% in July. By October, the inflation rate dropped to 7.7%, …

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NRF Predicts Healthy Growth for Holiday Retail Sales

holiday retail sales

In light of inflation woes and continued supply chain issues, the National Retail Federation predicts holiday retail sales during November and December will grow 6% to 8% from 2021. That amount of growth would put sales between $942.6 billion and …

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HIRI Predicts Deceleration of Home Improvement Spending Through 2024

deceleration home improvement spending

The Home Improvement Research Institute (HIRI), the nation’s leading resource for market research concerning the home and building products industry, has forecasted the current national inflation bulge will lead to a deceleration in home improvement spending. Growth in the total …

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NRF Says Consumers Still Spending in Light of Inflation Woes

consumers spending inflation

In the latest Monthly Economic Review from the National Retail Federation (NRF), chief economist Jack Kleinhenz says that consumers are worried about high inflation and increased interest rates but are still spending. Overall retail sales reported by the Census Bureau …

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Inflation Hits Highest Point in 40 Years

inflation 40 years

The inflation rate topped 9.1% in June, the highest percentage in 40 years, according to the U.S. Bureau of Labor Statistics. The Consumer Price Index was up 1.3% in June on top of the 1.0% increase in May. The energy …

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May Inflation Hits Highest Point Since 1981

May inflation

The U.S. Bureau of Labor Statistics released its Consumer Price Index for All Urban Consumers last week, which showed an increase of 1% in May, after rising 0.3% in April, and an inflation rate of 8.6%, the highest the U.S. …

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U.S. Adds 390,000 Jobs in May

jobs may

While the unemployment rate remained unchanged at 3.6% in May, 390,000 jobs were added to the U.S. economy even in light of increasing inflation, ongoing supply chain issues and predictions of an upcoming recession. The number of jobs added in …

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Consumers React to Supply Chain Issues and Inflation

supply chain issues

Morning Consult, a global decision intelligence company delivering insights and custom market research on what people think in real-time, released its U.S. Supply Chains Report in April 2022. The report evaluated the impact of ongoing supply chain issues and rising …

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