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Retail Sales on the Rise as Inflation Creeps In

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U.S. retail sales rose 1.7 percent on October, and while department stores did well, apparel sales were down slightly.
Consumers began some early holiday shopping in October amid possible inventory shortages later in the season.
CREDIT: milanmarkovic78/Adobe Stock

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Americans are out shopping in force again. Consumers got a head start on their holiday shopping in October, sending U.S. retail sales up 1.7 percent to $638.2 billion on top of September’s 0.8 percent gain. October’s increase represented the largest gain in U.S. retail sales since March, and it was the third straight month of…

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