The Poisonous Impact of Inflation on Retail Sales
Abstract:
The April 2008 statistics on U.S. inflation and retail sales have been released by the Bureau of Labor Statistics and the Census Bureau respectively. The recent increases in the Consumer Price Index (CPI) are having a clear impact on shopkeepers’ activity levels. The bottom line is that consumers currently have little enthusiasm for spending in a host of areas. Retailers, and construction activity tied to retail, are likely to find the “going” to be an uphill slog for another quarter or two at least.
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The April 2008 statistics on U.S. inflation and retail sales have been released by the Bureau of Labor Statistics and the Census Bureau respectively. The recent increases in the Consumer Price Index (CPI) are having a clear impact on shopkeepers’ activity levels. The bottom line is that consumers currently have little enthusiasm for spending in a host of areas. Retailers, and construction activity tied to retail, are likely to find the “going” to be an uphill slog for another quarter or two at least.