U.S. Retail Sales Surged in October Despite Inflation

Retail sales surged by 1.3% in October as consumers continue to spend despite inflation

US retail sales rose 1.3% in October, the Census Bureau reported Wednesday.

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Retail sales, which are not adjusted for inflation, were up 8.3% for the 12 months ended in October, slightly down from September’s 8.6%.

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Total U.S. retail sales were $694.5 billion in October, according to a monthly report from the U.S. Census Bureau.

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This total was up 1.3% from September and 8.3% from the same month in 2021. This compares with the 8.2% year over year growth in September and the 9.4% yearly increase in August.

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