Retail sales figures due this morning will show how American shoppers responded to continued high inflation ahead of the holiday season
Shoppers faced higher prices in October while inflation, still elevated, eased from the summer’s 40-year high
Consumer spending has held up relatively well so far despite inflation, but experts say we’re approaching an inflection point. WSJ’s Sharon Terlep explains the role ‘elasticity’ plays in a company’s decision on whether to raise prices. Photo illustration: Adele MorganA report on October retail spending will show how American shoppers responded to continued high inflation ahead of the holiday season.
The Commerce Department is scheduled to release October retail sales figures at 8:30 a.m. Eastern time Wednesday.
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