A wallet with several $50s inside / Photo by Chris O'Neil

Via AAN:

According to a new report, US retail sales significantly shrunk in the month a December, in spite of the holidays, as shoppers were pinched between the dual effects of inflation and the Omicron variant of the coronavirus.

The Details: Retail sales dropped 1.9 percent in December according to a report released by the Commerce Department.

The numbers represented a sharp decline from the 1.8 percent gain witnessed the month before.

Online sales dropped by 8.7 percent likely caused by an increase in Americans ordering their Christmas presents earlier than normal.

In addition electronics sales were down by 2.9 percent, while restaurant and bar sales declined by 0.8 percent.

Many economists expect inflation and supply chain issues to finally subside when the pandemic is over.

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John J
5 months ago

Save America, impeach Biden

MANUEL A ALVAREZ
MANUEL A ALVAREZ
5 months ago

garbage administration, garbage results

Jamey
Jamey
5 months ago

Well! This shows just how well Joe Biden and the Democrat Party can govern the economy. You have to admit, Americans, they are doing MUCH better than Trump ever did! (Or, something like that?) Maybe it’s just the birds coming home to roost, in that they are getting just what they (and those that voted Democrat) morally deserve for stealing a number of elections in 2020 and many more before that. Dishonesty has its payback.

Democrats are “no damn good”. Never, EVER vote Democrat – for ANYTHING!