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Economy

“U.S. Retail Sales Trail Forecast, Suggesting Drag From Inflation”

“U.S. retail sales rose by less than forecast in November, suggesting that consumers are tempering purchases against a backdrop of the fastest inflation in decades…. The value of overall retail purchases increased 0.3%, the smallest advance in four months after a revised 1.8% gain in October, Commerce Department figures showed Wednesday. Excluding gas and motor vehicles, sales climbed 0.2% in November. The figures aren’t adjusted for inflation….

U.S. consumer prices are rising at the fastest rate in almost 40 years. Accelerating inflation risks may give consumers additional pause in coming months, especially as remaining fiscal supports like a moratorium on federal student loan payments end early next year…”

https://au.news.yahoo.com/u-retail-sales-climbed-less-133200920.html

I hate to be the bearer of bad news but prices are going to keep going up. The good news is if you know a trade its going to become more and more valuable as time passes. So in the long run you may be able to offset some of the inflation.

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