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    Retail spending dips as holiday sales bite into inflation

    Retail sales declined 0.6% in November compared to October, the biggest decline in almost a year. For once, declining prices seem to be part of the story.
    by Alina Selyukh Dec 15, 2022 1 minute
    Retail spending dipped in November compared to October, as holiday sales bit into inflation.

    U.S. shoppers pulled back on spending in November compared to October, in the biggest dip in almost a year. And for once, lower prices and sales seem to be part of the story.

    Retail spending declined 0.6% from the U.S. Commerce Department. In October, retail sales had increased 1.3%.

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