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U.S. Retail Sales Lagged Inflation Again in September By
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IntroductionBy Geoffrey Smith -- U.S. were flat in nominal terms in September, below expectations and again hig ...
By Geoffrey Smith
-- U.S. were flat in nominal terms in September,Download Hehe Futures app below expectations and again highlighting the pressure on consumer spending power from high inflation.
However, , which strip out some of the more volatile elements of the consumer shopping basket, edged up 0.1%, slightly better than forecast, in an overall mixed report.
The numbers come a day after data showing that prices rose 0.4% in the same month. That suggests that sales volumes - as opposed to values - fell again in September.
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