( ) -q-27- UNDATED (Correspondent Jeremy House) “remains painfully high.” Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent. [CutID: <Cuts> HOLIDAY-SALES-house-q-MONpm.mp3 Time: 27s Title: HOLIDAY-SALES-house-q-MONpm Out-cue: remains painfully high] TAG: Correspondent Jeremy House reporting. ——————————– VERBATIM: Mastercard SpendingPulse says holiday sales […]
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Holiday sales up 7.6% despite the squeeze of inflation
( ) -q-27- UNDATED (Correspondent Jeremy House) “remains painfully high.”
Holiday sales rose as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent.
[CutID: <Cuts> HOLIDAY-SALES-house-q-MONpm.mp3
Time: 27s
Title: HOLIDAY-SALES-house-q-MONpm
Out-cue: remains painfully high]
TAG: Correspondent Jeremy House reporting.
——————————–
VERBATIM: Mastercard SpendingPulse says holiday sales rose 7.6, a slower pace than the 8.5% increase from a year earlier when shoppers began spending the money they had saved during the early part of the pandemic. Mastercard SpendingPulse had expected a 7.1% increase. The data excludes the automotive industry and is not adjusted for inflation, which has eased somewhat but still remains painfully high.