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23.12 - 13:36
Holiday Spending Expected to Be Strong, Fueled by Solid Demand, Rising Inflation
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The holiday shopping season is likely off to a strong start, with consumers showing robust demand for gifts, dinners out and other products even amid the highest inflation in decades.
Sales at U.S. retail stores, online sellers and restaurants are estimated to have risen by a seasonally adjusted 0.8% in November from the previous month, according to economists surveyed by The Wall Street Journal. The Commerce Department will release its report on Wednesday morning.
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