Retail spending picked up between November 1 and December 24 in 2022 compared to 2021, Mastercard said, though the increase is smaller than those recorded in previous years.
Holiday sales rose this as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.
But pace slower than the 8.5% increase from a year earlier when shoppers began spending money they had saved during the early part of the COVID pandemic, according to Mastercard SpendingPulse
Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6,
Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure.
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Holiday sales increase 7.6% despite the squeeze of inflation | Since Then